Commentary and opinion on national and regional politics by Seema Malhotra

Monday, 14 March 2011

The Banker's report on top 500 Islamic Institutions

Fascinating report (well, to me anyway) in the Banker - "Islamic finance has continued to grow over the last few years despite a loss of confidence in global financial systems. The 2010 survey of financial institutions practising Islamic finance reveals that assets rose by 8.85% from $822bn in 2009 to $895bn in 2010. Islamic finance has held a compound annual growth rate (CAGR) of 23.46% from 2006 to 2010. Many sharia-compliant institutions remain unscathed from the direct impact of the financial crisis."