| From Dailynews.lk: Islamic finance is certainly the fastest growing industry in the world, worth over US $ 1 trillion to date-a 28 percent increase from last year, which clearly demonstrates the industry’s potential despite the global financial crisis and the consequent economy downturn. Interestingly, the industry is already catering to a non-Muslim customer base as much as 15 percent throughout the world.
The Sri Lankan financial sector remained comparatively insulated from the global financial crisis, despite the fact, like the island’s conventional finance sectors, Islamic finance has also witnessed insolvency before even the industry kicked off...................................Full Article: Source
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