26.11.2008 - Value of Islamic banking to reach $1 trillion in 2010
From Saudigazette.com.sa: The financial institutions sector has grown and expanded significantly in recent years, he pointed out that the expected volume of Islamic banking during 2010 to increase at an estimated of $1 trillion, said Abdulrazak Elkhraijy, the head of the National Commercial Bank (NCB)Islamic Banking Development Group He said some recent statistics in this area indicate that the number of Islamic financial institutions reached more than 300 institutions distributed in more than 75 countries, including 110 Islamic Takaful company and other Islamically-compliant investment funds that deal $1.3 billion worth in assets. In addition, it issues Islamic bonds during the current year worth $14.7 million...... Full Article: Source
Print