World Islamic Economic Forum in London shows Islamic finance is a global force

As the first World Islamic Economic Forum outside Asia starts in London on Tuesday, Islamic finance is now a major force in global economics.

World Islamic Economic Forum in London shows Islamic finance is a global force

World Islamic Economic Forum in London shows Islamic finance is a global force

Standard & Poor’s forecasts the industry will double to US$2 trillion from 2011 to 2015, aided in part, by more sukuk issuances by GCC players and the faster growth of Islamic banks.

Once considered an obscure corner of global banking, Islamic finance is now gaining traction. Here, Stuart Anderson, the managing director and regional head of Standard & Poor’s Middle East, and Timucin Engin, an associate director at S&P, talk about the challenges for the industry.

 

 

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