16.12.2011 - Islamic finance: Uprisings should provide a fillip
Modern Islamic banking was arguably founded in Egypt more than 40 years ago, and while north Africa is home to more Muslims than anywhere except Indonesia, the region has remained an industry backwater for years. There are fully fledged Islamic banks in Algeria, Egypt and Tunisia, and Islamic "windows" at conventional banks in Morocco and Algeria. But overall, the Islamic share of banking assets in north Africa is less than 1 per cent, according to McKinsey, the management consultancy...............................................Full Article: Source
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