29.10.2012 - Islamic finance finds a rapidly growing niche in the secular world
The past few years haven't been the best of times for the international banking sector. Aberrant behaviour by certain banks - and the contagion that followed - are the abiding memories of the financial crisis. More recent allegations, issues and proven misdeeds have arguably undermined the credibility and reputation of the global financial sector as a whole. Well, not quite all of it. Because one sector growing significantly is Islamic finance. Islamic finance remains widely misunderstood and, by many, significantly underestimated. The reality is that it is a US$1.3 trillion global industry - growing annually between 15 per cent and 20 per cent in the past decade - and in markets you may not expect...............................................Full Article: Source
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