18.05.2010 - Between $700 bln and $1 trillion - Islamic finance joins the mainstream
From Globalarabnetwork.com: Islamic, or Sharia compliant finance has evolved over the past three decades from a relatively unsophisticated framework of basic products into complex forms that are now accepted in mainstream financing and interact seamlessly with global treasury and capital markets. Today, worldwide monetised assets that comply with Islamic law are estimated to be worth between $700 billion and $1 trillion. Sharia compliant products are consequently of increasing interest to UK and European corporate clients looking at ways to diversify their financing options and their access to non-traditional markets.............................................Full Article: Source
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