01.06.2009 - Investments based on Shariah cross $1.5 trillion
From Arabnews.com: With investors globally holding more than $1.5 trillion in Shariah-compliant investments, there is a need to create adequate and straightforward regulation for Islamic investment instruments that industry players can use to grow their activities, a senior official at the Central Bank of Bahrain (CBB) said recently. "In addition to adequate regulations there is a need for creating the necessary framework for investment instruments targeting small investors, medium size investors, as well as professional or high net-worth individuals, who would like to invest their funds in accordance with Shariah principles," said Abdul Rahman Al-Baker, executive director of financial supervisions at the CBB.......Full Article: Source