|Global Islamic Finance is set to double in size between 2011 and 2015 with the sector increasingly viewed as a real alternative to conventional finance, according to Standard & Poor's (S&P). The global prospects for the Islamic Finance industry will be the subject of a conference to be hosted by S&P in Dubai on 25 September, 2012.
Stuart Anderson, Managing Director & Regional Head, Middle East at Standard & Poor's said: "The global crisis faced by conventional finance has led to Islamic Finance increasingly being viewed as a credible alternative. Issuers and investors have realised that the risk-reward balance in both conventional and Islamic Finance are not fundamentally different." S&P expects the $1 trillion global Islamic Finance industry to grow 20% over 2011-2015, doubling in size over the period. (Press Release)