| From Globalarabnetwork.com: The economic boom in the Gulf Cooperation Council (GCC) region has fuelled the emergence of Islamic finance in the international market in the past decade. Revenue growth in this region has particularly benefited the asset management sector, as Standard & Poor's noted in a report.
The Middle East is by far the largest market for Sharia-compliant funds, but conventional players in Europe, South Africa, and the U.S. have also launched a number of funds that comply with Sharia law during past years, enhancing their product range to meet the specific requirements of Islamic investors seeking to invest in this asset class............................................Full Article: Source
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