From Arabnews.com: The total assets of Islamic financial institutions (IFIs) in the GCC (Gulf Cooperation Council), according to the Bahrain-based Capinnova Investment Bank, showed a sustained growth between 2003 and 2008, representing $288.2 billion at the end of 2008.

Capinnova, the Shariah-compliant investment banking arm of BBK, is upbeat about the Islamic finance industry in the region and predicts that it will grow more this year…………………………………..Full Article: Source