05.11.2012 - IT boom expected in GCC Islamic finance sector
IT spending across the Islamic banking sector in select GCC countries (Bahrain, Qatar, UAE, Kuwait, and KSA) totaled $400m in 2011 and is set to grow considerably over the coming years, according to a report from IDC Financial Insights titled “The Impact of Technology on Islamic Banking in the Middle East and Africa”. Islamic banking services have gained in popularity and are now distributed across both Muslim and non-Muslim countries, with many conventional banks actively offering Islamic banking products to their customers...............................................Full Article: Source
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