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Islamic Finance Briefing - Categorized | Finance, Performance more

IFI assets in GCC states touch $288 bln

Posted on 19 April 2010

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

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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