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Islamic Finance Briefing - Categorized | Banking, Performance, Research more

GCC Islamic banking sector grows at 20pct per annum

Posted on 27 September 2010

From Ameinfo.com: A report released by Kuwait Finance House Research Limited revealed that the Islamic banking industry accounted for 35% of the total banking assets of Kuwait and about 17% of the GCC banking system total assets as a whole.
It is expected that this industry will to continue to grow at an annual average rate of 15 - 20%, should four main factors including the regulatory framework, increase in the GDP, government development plans continue to drive growth rates forward and add momentum representing increased demand and further expanding related areas of business……………………………………….Full Article: Source

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