| From Khaleejtimes.com: Global sukuk sales rose to $20.15 billion in 2009 from $14.13 billion in 2008, and Malaysia accounted for about half of the sales last year, according to Dato Yahaya Abdul Jabar, the Ambassador of Malaysia to the UAE.
Islamic finance has been growing at 15-20 per cent annually across the globe and Moody’s says the industry is worth $700 billion. Malaysia has over 30 years of experience in this sector, which is increasingly being seen as a sustainable alternative to conventional banking after emerging largely unscathed from the global economic meltdown, the Ambassador said in a statement here on Thursday..........................................Full Article: Source
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