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Islamic finance to surpass trillion-dollar mark in 2012: Tharman

Posted on 05 December 2012

Islamic finance is poised to expand over the next 10 to 15 years after surpassing the trillion-dollar mark in 2012, said Minister for Finance Tharman Shanmugaratnam at the World Islamic Economic Forum in Johor Bahru, Malaysia.
Mr Tharman, who is also Singapore’s Deputy Prime Minister, said that he was optimistic about the potential for the sector after it chalked up growth of about 19 per cent a year since 2006. This has lifted total Shariah-compliant assets to nearly US$1.3 trillion in 2012………………………………………..Full Article: Source

 
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