Islamic financial services have become a boom industry. The sector’s assets worldwide stood at US$1,3trillion at the end of 2011, 14% up on 2010 and 153% up on five years earlier, reports the UK Islamic Finance Secretariat.
The picture in SA reflects this increase. Islamic financial services assets here are growing at 15%-20%/year, says Yusuf Dukander, an Islamic finance specialist at the SA Institute of Chartered Accountants………………………………………..Full Article: Source