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Islamic banking bucks the trend

Posted on 16 November 2009

From Chinastakes.com: Islamic banking continues to see strong growth while conventional banking has stagnated, according to the 2009 Top 500 Islamic Financial Institutions in The Banker magazine’s November issue.

The assets held by fully sharia-compliant banks or Islamic banking windows of conventional banks rose by 28.6% to $822bn in 2009, from $639bn in 2008. This is a striking contrast to The Banker’s 2009 Top 1000 World Banks survey in July, which showed annual asset growth of just 6.8% at conventional banks……………………..Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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