28.01.2010 - US financial meltdown gives a boost to Islamic banking
From Thefinancialexpress-bd.com: Malaysia achieved a spectacular success with Islamic finance. At end June last year, it accounted for about 19 per cent of the country's banking assets. At end-August, the Islamic capital market reached 803 billion Malaysian ringgit, representing 54 per cent of market capitalisation of the Malaysian stock market. The total financing estimated at 115 billion ringgit constitutes 15.5 per cent of the total financing portfolio of the banking industry. Net non-performing financing remains low at 2.4 per cent.....................................Full Article: Source
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