| Islamic finance has achieved a substantial growth in the last few years, annualising a growth rate of about 18-percent. The Islamic finance industry that was currently estimated to be worth about US$1 trillion had made further headway in the Islamic traditional markets such as Malaysia, the Gulf Cooperation Council countries, Pakistan, Indonesia, apart from penetrating new markets such as in Europe and Africa.
While Islamic banking assets account for a large part of this value, the segment that has enjoyed especially strong growth in the more recent years is Sukuk...............................................Full Article: Source
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