| From Btimes.com.my: Islamic finance is now in the third stage of its development that requires the broadening of its acceptability and growing the market, Raja Muda of Perak Raja Dr Nazrin Shah said. The first stage was to establish Islamic finance as a viable business, followed by a test of its stability, which was proven during the global financial crisis.
"For all its successes, Islamic finance still accounts for less than 1 per cent of global financial instruments, while Muslims make up over 20 per cent of the world's population..........................................Full Article: Source
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