21.09.2012 - Global Islamic finance set to double by 2015, says Standard and Poor's
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)