04.02.2013 - Islamic finance model growing globally
The Islamic financial system has grown tremendously over the last 40 years, says Dr Hatim El Tahir, Director, Islamic Finance Group, for Deloitte and Touche. “The total size of the Islamic insurance industry is US$1.3 trillion which is still small compared to the international financial market. In 1973 it was only US1$ billion,” he said on Thursday night during his contribution to a seminar on Islamic Banking hosted by the Agricultural Development Bank (ADB) at the National Academy Performing Arts (NAPA) in Port-of-Spain. The seminar was attended by members of the local Muslim community as well as other stakeholders including PSA president Watson Duke.........................................Full Article: Source
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