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Islamic finance assets may rise to $5 trillion

Posted on 07 April 2010

From Businessweek.com: Assets held by Islamic financial institutions may rise five-fold to more than $5 trillion as demand increases for products that comply with Muslim principles, according to Moody’s Investors Service.

The Islamic finance industry’s assets under management reached $950 billion last year, Moody’s said in a report today, without providing a timeframe for the projected growth. The global market for Islamic bonds, or sukuk, is worth $110 billion, the rating agency said……………………………………….Full Article: Source

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