29.11.2010 - GCC focus: Leaders in Islamic banking
From Gulfnews.com: Aside from Malaysia, Gulf Cooperation Council (GCC) economies are major players in the Islamic banking industry at large. This is particularly visible with regard to Islamic investment funds, in turn a rising phenomenon reflecting growing appreciation of prospective investors for ventures in compliance with Sharia or Islamic codes. Certainly, Islamic investment funds offer alternatives to traditional investments. According to credible sources, there were some 689 Islamic investment funds in 2009, together running assets in total value of $70 billion (Dh257 billion)...........................................Full Article: Source
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