03.02.2010 - Islamic finance likely to advance on firm growth
From Financialexpress.com: Just when many of the world's financial systems have been fighting to weather the capital market turmoil, Islamic finance growth has stayed strong and will likely be brisk during the next year, said Standard & Poor's Ratings Services in a report 'Islamic finance is likely to advance In 2010 on firm growth and widening geographic reach'. "We believe Islamic finance has become a recognized and a specific segment of finance on its own with still-bright growth prospects," said Standard & Poor's credit analyst Mohamed Damak. "We think Islamic finance is set to make further inroads in developed Western markets while Southeast Asian countries will likely fuel Islamic finance advance in Asia in 2010.".........................................Full Article: Source
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