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Management of assets in GCC seen at $300bln

Posted on 04 November 2009

From Gulf-times.com: The GCC asset management industry is poised to grow 15% annually to up to $300bn by 2014 and the global Islamic finance industry is slated to grow annually 15%-20% to more than $4tn in invested funds in about 8-10 years, according to Doha Bank CEO R Seetharaman.
However, there are key challenges to Islamic finance, calling for measures, including harmonisation of standards, building adequate infrastructure, allowing greater capital mobility, addressing legal and tax restrictions and relaxing non-supervisory restrictions on access by foreign intermediaries to domestic markets, he said at the fourth World Islamic Infrastructure Finance Conference………………………Full Article: Source

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