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Islamic finance seen quadrupling to $4 trillion

Posted on 21 July 2009

From Maktoob.com: The Islamic finance industry is expected to more than quadruple in value within a decade from its current size of between $800 billion and $1 trillion, as it captures the savings of half of the world’s 1.6 billion Muslims, a new study predicted on Monday.

The industry, which offers Shariah-compliant financial services, is expected to grow 15-20 percent annually to more than $4 trillion in invested funds in about 8-10 years, Praesidium, a consulting company, and the Dubai International Financial Centre (DIFC), said in a report…….Full Article: Source

 
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