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Gulf Islamic banking gains big

Posted on 23 November 2011

Islamic banking’s market share of all banking assets in Gulf crossed the 25 per cent threshold in 2011, according to Ernst & Young’s inaugural World Islamic Banking Competitiveness Report 2011 published on Tuesday.
Islamic banking assets in the Middle East and North Africa (Mena) increased to $416 billion in 2010, a five-year compounded annual growth rate of 20 per cent compared to less than nine per cent for conventional banks. Currently the segment has a market share of 14 per cent in the region………………………………………..Full Article: Source

 
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