25.03.2013 - Islamic finance to fuel Turkey's energy and infrastructure development
The Islamic finance industry, rapidly growing over the last 40 years, has demonstrated its potential with robust, steady 15-20 percent growth throughout the recent economic crisis, and Standard & Poor's predicts global Islamic financial assets will rise to as much as $3 trillion by 2015 and $6 trillion by 2020. Structured properly, infrastructure projects can avail of the vast amount of wealth that nations in the Islamic world have at their disposal. Islamic finance offers a wide variety of products, including project financing products and the ability to issue sukuk (Islamic bonds) for large infrastructure projects, and is flexible enough to be utilized on a stand-alone basis or as a complement to conventional project financing for the funding of large-scale infrastructure development...............................................Full Article: Source
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