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Islamic finance industry ‘facing challenges’

Posted on 05 October 2011

Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lacklustre interest among Islamic institutional investors, said a finance expert.
Jahangir Aka, senior executive officer at asset management firm SEI Investments, said, “There may be some tentative buying of Islamic assets in 2012 as investors look to deploy capital that was kept on the sidelines as the global economy took a turn for the worse this year.”………………………………………Full Article: Source

 
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