| From Arabianbusiness.com: Islamic finance faces a stern test in 2009 amid the global economic crisis, and increased calls for more comprehensive industry regulation. Nevertheless, analysts argue that the sector's fundamentals remain sound.
Once seen as an obscure backwater of banking, the Islamic finance sector has registered phenomenal growth in recent years. While the concept of tailored services for devout Muslims has existed for decades, the oil-rich Gulf economies, hubs for Islamic finance, have catapulted the market into the mainstream..... Full Article: Source
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