09.11.2012 - Islamic finance goes global
Any discussion of Islamic finance usually includes Islamic financial hubs such as Malaysia or the Gulf Cooperation Council (GCC) countries. These hubs have played an integral role in the development of Islamic finance, which has now surpassed $1 trillion worldwide in terms of total assets. However, one anomaly remains: Islamic finance is still relatively underdeveloped in some of the most populous Muslim countries in the world. After Asia Pacific, which boasts more than 60% of the world’s global Muslim population, the next-most-populous Muslim region is the Middle East and North Africa, which boasts 20% of the world’s Muslim population...............................................Full Article: Source
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