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Islamic finance is growing beyond traditional borders to encompass new markets worldwide

Posted on 07 November 2011

The Islamic finance industry emerged relatively unscathed from the 2008 financial crisis —touting itself as an alternative to the leverage and greed that fuelled the subprime crisis in conventional financial markets. Now in the midst of what looks like another crisis of confidence in global financial markets, practitioners are highlighting its benefits again.
“Islamic finance is a pool of stable capital looking for a home. Every CFO, every government, should look at it as a stable source of liquidity,” stated Afaq Khan, CEO, Islamic Banking, Standard Chartered Saadiq……………………………………….Full Article: Source

 
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