From Emiratesfn.com: The 2001 September terror attacks in the United States have given rise to Islamic banks worldwide as Muslim investors kept their funds at home in&fear of any U.S. freeze decision, the International Monetary Fund (IMF) has said.
But a stronger positive impact on the mushrooming of Islamic banks was the sharp rise in oil prices, which coincided with the September 11 attacks,&the IMF said in a study on Islamic banks published on its website this week……………………………………….Full Article: Source