08.06.2011 - More Shariah compliant investors heading for Southeast Asia
Southeast Asia may see an inflow of funds in search for Islamic banking alternatives. Analysts said the recent turmoil in the Middle East has driven some Shariah compliant investors to pull their money out of that region. And these funds could be heading towards aspiring Islamic finance centres like Malaysia and Singapore. Analysts say Islamic finance has been growing at a rate of 25 per cent a year for the past decade and the main investors of Shariah compliant products remain institutions and high net worth individuals from the oil-rich Gulf states...............................................Full Article: Source
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