19.10.2011 - Trade finance to propel Islamic banking industry
Islamic trade finance has benefited from shifting preferences towards Sharia-compliant banking and could serve as one of the key growth drivers to help the nearly US$1-trillion Islamic finance industry double in size, according to the World Islamic Economic Forum Foundation. "Trade finance is the lifeblood of global commerce, underpinning 60%-80% of the US$12-US$13-trillion trade in global merchandise," the WIEF Foundation said at a briefing on Tuesday..............................................Full Article: Source
Print