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Understanding Islamic finance: Local innovation and global integration

Posted on 05 January 2010

From Alhaqqsociety.org: What is Islamic finance (IF)? Islamic finance has recorded dramaticgrowth over the last decade or so, with a presence in more than 75 Muslim and non-Muslim countries and total financial assets now estimated to exceed $1 trillion.
With the integration of IF and Islamic banking into the global economy, IF’s appeal as a market for and source of global capital is increasing. The industry’s rapid growth is marked by increases in Islamic financial products and services, the development of the industry’s regulatory frameworks, and enhanced international linkages………………………………….Full Article: Source

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