Instrument in the news: Islamic finance
Posted by Alan Shipman in Strategy & Planning on Mon, 18/02/2008 - 15:03
Islamic banks had weathered the global financial turmoil more effectively than most western counterparts, and Islamic bonds and debt securitisations are rising in popularity while those in Europe and America fall away. UK financial institutions have piled into new forms of sharia-compliant lending, at home and abroad, building a market that could be worth one trillion dollars worldwide by 2010.
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