Commentary and opinion on national and regional politics by Seema Malhotra
Monday, 14 March 2011
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."
Posted by Seema Malhotra at 21:32