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South Africa ideally positioned as gateway to Islamic Finance in Africa

Posted on 06 October 2011

Africa is home to more than 412 million Muslims, and multinational banks and finance organisations are starting to take advantage of the opportunities that exist in the African Islamic Finance market. Over the last decade, global Sharia- (Islamic Law) compliant assets have grown at approximately 15 percent per year and Sharia assets have reached the $600 billion mark.
Even though Islamic Finance has been around for 50 years, more than half of Africa‚Äôs Muslim population is still unbanked. The growth potential in Africa is phenomenal because Islamic Finance is one of the most dynamic and fastest-growing sectors in the world……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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