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Sri lanka: Local Islamic finance industry to grow rapidly

Posted on 12 September 2012

Local Islamic Finance industry is to grow at a double digit rate over medium to long term, and growth is attributed to the increased awareness of faith based concepts and the internalization of the financial markets.
Total assets of Islamic finance in Sri Lanka account for 3 % of the total financial assets of the country while deposits and loans of local Islamic finance accounts for 5 %.Islamic Finance could play a key role in the development of infrastructure projects and the capital markets of the post war era of Sri Lanka………………………………………..Full Article: Source

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