Thursday, April 9, 2009

Islamic finance expected to hit $1.6 trillion by 2012

Islamic finance expected to hit $1.6 trillion by 2012

A report from consultancy Oliver Wyman predicts that assets of the Islamic finance industry worldwide will increase to roughly $1.6 trillion by 2012. Currently, the industry is estimated to have assets of as much as $1 trillion. The report identifies growth opportunities in Southeast Asia, Pakistan and the Middle East

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