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Shariah-compliant finance gaining ground in the West

Posted on 27 June 2012

Leading executives at global institution Standard Chartered say that Shariah-compliant banks are on track to boast around half of the region’s banking assets by 2020 - on the back of surging growth which has seen the industry expand by 30 per cent in the region in just two years.
Potential revenues from Islamic banking are absolutely huge, according to Khalid Elgibaly, head of consumer banking in the region at Standard Chartered. Way of winning client trust and encouraging loyalty are an important factor for investors regardless of their religion, ethnicity, and background and aim to produce a “feel good” factor for the investor………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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