| The Islamic financial sector has emerged as the fastest growing segment of the global financial system — 15-20 per cent per annum — over the last decade. Presently, more than 1100 institutions offering Islamic financial services (IIFS) operate across the globe, which coupled with a number of dedicated academic, legal, regulatory and supervisor institutions, provide a solid platform for their future growth. The IIFS are becoming increasingly dynamic and diversified.
The assets of the top 500 Islamic banks expanded 28.6 per cent to $822 billion at year-end 2009..............................................Full Article: Source
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