19.09.2012 - Islamic finance asset to grow 10-15 pct in three years - World Bank
The Islamic finance asset is expected to grow between 10 per cent and 15 per cent in the next three years due to increasing demand for Islamic products as well as diversification of such products in the marketplace. World Bank Managing Director Mahmoud Mohieldin said the growth potential for the industry is big with demand and supply as drivers of growth. "The supply side being very much driven by more competition. More banks, not just the ones that have headquarters in member countries of the Organisation of Islamic Cooperation (OIC) or countries with a majority of Muslims but we can see that many banks around the world is offering Islamic finance or profit-sharing products," he said...............................................Full Article: Source
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