From Linexlegal.com: Islamic finance had its start in the 1960s and 1970s with the influx of petrodollars into the Gulf region.
The rapid development of Middle East markets - Saudi Arabia, Kuwait and the United Arab Emirates - has stoked interest in a type finance that is based on the principles of Shari’a. Industry experts estimate that Islamic finance has enjoyed double digit annual growth with nearly USD 1 trillion put to work in Shari’a structures………….Full Article (Subscription Required): Source