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Islamic finance growth will be better than the country’s, says professor

Posted on 09 January 2009

From Theedgedaily.com: Despite current economic difficulties, growth in the Islamic finance industry is expected to exceed Malaysia’s economic growth rate, said International Centre for Education in Islamic Finance (INCEIF) chief academic officer Professor Datuk Dr Syed Othman Alhabshi.

“So far, the Islamic finance industry has been performing better than conventional finance. For example, the Islamic banking industry used to grow in the double-digit figures in the past, especially in the late-’90s and early-2000s, and at one time even went up to about 20%….. Full Article: Source

 
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