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Trade finance to propel Islamic banking industry

Posted on 19 October 2011

Islamic trade finance has benefited from shifting preferences towards Sharia-compliant banking and could serve as one of the key growth drivers to help the nearly US$1-trillion Islamic finance industry double in size, according to the World Islamic Economic Forum Foundation.
“Trade finance is the lifeblood of global commerce, underpinning 60%-80% of the US$12-US$13-trillion trade in global merchandise,” the WIEF Foundation said at a briefing on Tuesday……………………………………….Full Article: Source

 
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