17.09.2012 - Islamic financial assets to reach USD 1.6 trillion late 2012
The Islamic finance industry has great potential for global expansion after achieving the most rapid growth among global financial services sectors. "The total value of Islamic financial assets is expected to reach USD 1.6 trillion this year, and the financial sector is expected to continue its robust growth in 2013," reads a report released by Kuwait Finance House Research (KFHR). "(This expansion) is underpinned by: an increase in the demand for Shariah-compliant assets and an active role played by some jurisdictions around the world to promote the development of Islamic financial markets in their respective countries."..............................................Full Article: Source
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