Over the last few years,
Islamic Finance has experienced tremendous growth . The current market
for the Islamic financial products is estimated at over $265 billion
and is predicted to grow at 12- 15 per cent per annum over the next 10
years .
There are around 270
Islamic banks worldwide in over 75 countries with total assets
estimated at more than $265 billion and financial investments above
$400 billion.
Complementing this surge
in growth is an increased focus in the structuring and development of
new products and services to meet the ever-increasing demand for
shariah compliant financing alternatives.
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