24.05.2011 - Islamic finance evolves as tool for international trade
Islamic finance has gained significant global exposure over the past decade and has evolved from an industry with a limited geographic reach to one that is now prevalent across key Islamic markets in the Middle East and Asia Pacific. Total global Islamic assets have witnessed phenomenal growth from $137 billion (Dh503.2 billion) in 1996 to $895 billion in 2010. Assuming the current trajectory, total industry assets are likely to surpass $1 trillion by 2012..............................................Full Article: Source
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