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Islamic banking to grow 15-20 pct

Posted on 22 March 2012

The Islamic finance industry is becoming one of the fastest growing components of the global financial system, with experts projecting growth rates of between 15 per cent and 20 per cent per annum.
The World Islamic Banking Report noted that Islamic banking assets in the Mena region increased to $416 billion in 2010, representing a five-year compound annual growth rate of 20 per cent compared to less than nine per cent for conventional banks………………………………………..Full Article: Source

 
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