25.10.2011 - Islamic finance 'set for solid growth'
Islamic finance is continuing to go from strength to strength and in the near future the industry is likely to see a period of consolidation, said a top banking expert. 'Mergers within the industry will make it more efficient through economies of scale but it will also allow the industry to finance the kind of mega projects sometimes outside its scale at present,' remarked Dr Mohammed Nedal Alchaar, the secretary-general of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).............................................Full Article: Source
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