19.04.2010 - IFI assets in GCC states touch $288 bln
From Arabnews.com: The total assets of Islamic financial institutions (IFIs) in the GCC (Gulf Cooperation Council), according to the Bahrain-based Capinnova Investment Bank, showed a sustained growth between 2003 and 2008, representing $288.2 billion at the end of 2008. Capinnova, the Shariah-compliant investment banking arm of BBK, is upbeat about the Islamic finance industry in the region and predicts that it will grow more this year.........................................Full Article: Source
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