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Islamic finance industry growth may falter in 2009

Posted on 08 May 2009

From Bloomberg: The Islamic finance industry will have a “year of slower growth” in 2009 after expanding assets by 28 percent globally last year, Saudi Arabia central bank Governor Mohammed al-Jasser said in Singapore today.

“The industry has had an annual growth rate of 20 to 30 percent over the last 10 years,” al-Jasser said in a speech. “There are signs that 2009 will be a year of slower growth but it should stay in positive territory.” ……Full Article: Source

 
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