| From Arabnews.com: The Islamic finance assets base is likely to reach $1.5 trillion by 2012 with bright future growth prospects. “The sustained growth steering this segment of the global economy has fueled a greater impact of Islamic finance products on global financial markets,” Khaled Mohammed Al-Aboodi, chief executive officer and general manager of the Islamic Corporation for the Development of the Private Sector (ICD), said.
“The ICD was set up more recently, in 2000, as the private sector arm of the IDB Group to focus primarily on private sector development of its member countries with a view to poverty alleviation and raising the general standard of living in its member countries.”.............................................Full Article: Source
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