22.05.2012 - Can Islamic banking close the gap on its conventional peers?
Fifteen years ago, Muslims wishing to take out a home finance, use a credit card or deposit money into a current account would have been hard pushed to do so and stay compliant with Sharia law. With few Islamic banks around - and a limited range of Sharia products - banking as a Muslim invariably involved compromising either your faith or your financial needs. Today, in many markets, such compromise is no longer necessary. Islamic banking is becoming a part of the mainstream, widely available across financial products and geographies. In 2012, Islamic banking assets are expected to reach US$1.1tn globally, up 33 percent on 2010, according to Ernst & Young...............................................Full Article: Source
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