Opalesque Exclusive: 300 institutions, $650bln assets at 15% yearly growth rate - Report says Islamic banking attractive as it is highly profitable
From Matthias Knab, currently in Africa: According to Celent, a Boston-based financial research and consulting firm, Islamic finance has become a major global industry, with over 300 institutions currently involved in both Muslim countries and international markets. Globally, Islamic banking assets are estimated between US$600 billion and $650 billion and have registered a growth rate of 10-15% per year over...
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