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Islamic finance bodies have trillion-dollar potential

Posted on 08 April 2010

From News.com.au: Islamic financial bodies, which adhere to religious proscriptions against interest, have a market potential of at least US$5 trillion ($5.43 trillion), Moody’s Investors Service said.

But Moody’s added that such institutions needed to develop their own derivative instruments, avoiding conventional derivative practices, if they wanted to retain their popularity among Moslem investors………………………………………..Full Article: Source

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