| The quality of growth in Islamic finance is more important than merely its numbers, said an expert as the industry moves towards greater regional penetration and branches into frontier markets such as South Asia and Africa.
"The industry is still concentrated in a few core markets such as Saudi Arabia, Iran, Malaysia and the UAE," Ernst and Young global Islamic banking centre partner Ashar Nazim said. "Islamic finance will be rolled out to new frontier markets such as Nigeria, Egypt, Iraq, Mauritania and Uganda, which are introducing legislations for the industry at this point."..............................................Full Article: Source
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