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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Australia: Government ‘committed’ to expanding Islamic products

Posted on 23 April 2013

Australia is a growth market for Islamic financial services including insurance, Parliamentary Secretary to the Treasurer Bernie Ripoll says. “Islamic finance is a rapidly expanding market, with annual global growth estimated at about 15% to 20%,” he told the Amanie Australia Islamic Finance Forum in Melbourne.
“Some projections suggest the Islamic finance market will be worth $US2 trillion ($1.9 trillion) within the next three to four years.”……………………………………….Full Article: Source

 
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