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Islamic finance to advance in 2010, says S&P

Posted on 02 February 2010

From Theedgemalaysia.com: Just when many of the world’s financial systems have been working to weather the capital market turmoil and its spread to economies around the globe, Islamic finance growth has stayed strong and will likely be brisk during the next year.

“We believe Islamic finance has become a recognized and a specific segment of finance on its own with still-bright growth prospects,” Standard & Poor’s credit analyst Mohamed Damak said on Monday, Feb 1…………………………………..Full Article: Source

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