14.04.2011 - Islamic finance past $1trn mark
Despite the global economic slowdown, the Islamic financial industry has crossed its $1 trillion mark, according to the industry leaders. With an increasing appetite for Shari’ah-compliant alternatives in the areas of banking and finance among the investment community, corporate end users, consumers and intermediaries, Islamic finance in the Middle East has witnessed dramatic and exponential growth in the past few years. “The Shari’ah-compliant finance and investments sector is gradually building momentum and popularity around the world, and is expected to lead the re-emergence of the overall global financial industry over the next five years,” said Hussain AlQemzi, CEO, Noor Islamic Bank and Group CEO, Noor Investment Group..............................................Full Article: Source
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