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Islamic banking weathers global crisis

Posted on 17 January 2012

While uncertainty continues to roil global markets, driving many investors into full retreat, one part of the financial sector is expanding exponentially: Islamic-law-compliant financial assets have grown from about US$5 billion in the late 1980s to roughly US$1.2 trillion in 2011.
This asset class, which is characterized by shared risk between institutions and clients, avoided many of the most severe consequences of the global financial crisis that began in 2008. This resilience, along with several other key features, underpins the high performance and growing popularity of Islamic finance………………………………………..Full Article: Source

 
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