10.01.2011 - Islamic banking extends beyond the Middle East
From Kippeport.com: The Islamic finance industry has started to gain major momentum outside of the Middle East. As more financial institutions begin to introduce Sharia-compliant banking products and services, the growth of this market segment provides a new opportunity for financial institutions located in the Middle East to export their business outside of the region to serve the more than 1 billion Muslims living worldwide. For instance, just a couple of months ago, the Central Bank of Malaysia announced that before the end of 2010 it would issue a license to a new Islamic bank, jointly established by institutions from the Middle East and Asia..............................................Full Article: Source
Print