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Islamic finance future brighter than ever

Posted on 16 January 2013

The future of Islamic finance following the global financial crisis in 2008 is even “brighter than before”, said the Regent of Perak Raja Dr Nazrin Shah. The industry has expanded by 15% to 20% per annum since the 1990s and now amounts to over US$1.2 trillion (RM3.61 trillion) globally, said Nazrin, who is also the Financial Ambassador of Malaysia’s International Islamic Financial Centre.
“While this is less than 1% of global financial assets, it is expected to quadruple in the next decade,” he said………………………………………..Full Article: Source

 
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