Islamic Finance Unbound
While uncertainty roils global markets and many investors are in full retreat, Islamic financial assets are growing exponentially. Though it needs to address several regulatory issues, Islamic finance has the potential to promote greater stability throughout the Muslim world.
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WASHINGTON, DC – While uncertainty continues to roil global markets, driving many investors into full retreat, one part of the financial sector is expanding exponentially: Islamic-law-compliant financial assets have grown from about $5 billion in the late 1980’s to roughly $1.2 trillion in 2011.