27.06.2012 - Deloitte: Saudi Arabia Islamic finance assets total $94bln
Deloitte's Middle East Islamic Finance Knowledge Center (IFKC) report, Empowering Risk Intelligence in Islamic Finance, finds the total of Saudi's Arabia Islamic Finance Assets, valued at $94bn, represents 8.2% of total Global Islamic Finance assets. "Greater pressure has been placed on financial institutions offering Islamic Financial services to galvanise risk exposure and governance capabilities," commented Dr. Hatim El Tahir, director of the IFKC. "Global and regional jurisdictional regulatory reforms are continuing. How this regulation will affect the Islamic Finance sector and the role of IIFS in the economy is yet to be seen," he added...............................................Full Article: Source
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