Islamic finance is getting popular by the day across the Middle East and North Africa as transactions continue to grow despite the global economic crisis.
Despite not being financially strong as other gulf states in the region, Djibouti, since five years ago, has also been building its Islamic finance industry and it has accomplished setting up the legal and regulatory framework to accommodate Islamic banks in January 2011. Muslims account for 94% of the country’s population and Islamic banking has doubled in the East African country since its introduction………………………………………..Full Article: Source