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Islamic finance finds a rapidly growing niche in the secular world

Posted on 29 October 2012

The past few years haven’t been the best of times for the international banking sector. Aberrant behaviour by certain banks - and the contagion that followed - are the abiding memories of the financial crisis. More recent allegations, issues and proven misdeeds have arguably undermined the credibility and reputation of the global financial sector as a whole.
Well, not quite all of it. Because one sector growing significantly is Islamic finance. Islamic finance remains widely misunderstood and, by many, significantly underestimated. The reality is that it is a US$1.3 trillion global industry - growing annually between 15 per cent and 20 per cent in the past decade - and in markets you may not expect………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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