26.06.2012 - Islamic banking assets set to reach $1.1 trillion in 2012
With the gap between Islamic and conventional banking solutions narrowing substantially, banking assets of the Shariah-complaint segment growing twice as fast as conventional banking assets are expected to reach $1.1 trillion globally in 2012, up 33 per cent from 2010, Standard Chartered said. With the fast development of the Islamic banking industry, Muslim high net worth individuals, or HNWIs, are increasingly expecting Shariah compliance in managing their wealth, making Islamic wealth management solutions a key market need, Standard Chartered Private Bank said at the launch of a comprehensive suite of Islamic financial solutions for its clients...............................................Full Article: Source
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