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Islamic banking gets more customers from conventional market

Posted on 17 November 2011

The growth from the conversion of conventional banking customers into Islamic banking is higher than that from the unbanked market, said Standard Chartered Saadiq global head of Islamic banking (consumer banking) Wasim Saifi.

“So far the growth in Islamic banking has come from customers switching to Islamic banking from the conventional banking space.Banks have not been able to find it profitable or feasible to penetrate deeply into the unbanked population,” he said …………………………………….Full Article: Source

 
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