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Islamic finance goes global

Posted on 20 July 2012

According to the World Wealth Report 2012, released by Capgemini and RBC Wealth Management, the Middle East was the only region where wealth increased among individuals of high net worth, who are often defined as those with $1 million in investable assets.
And while private bankers say that most of their clients are not trying yet to bank according to Shariah law, they say the market will evolve. Islamic finance, which is becoming the more preferred mode of finance by many compared with conventional banking, is expected to be a global industry in three years, driven by its transparent and ethical business practices………………………………………..Full Article: Source

 
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