Monday, November 24, 2008

Quo vadis Islamic finance?

(Heiko Hesse, Andreas Jobst and Juan Solé in Vox.eu) This column discusses current trends in Islamic finance, which accounts for more than $800 billion worth of assets worldwide. The industry faces a number of challenges, including economic and legal bottlenecks, banking concerns, and unharmonised financial regulations, but most of them arise from the industry’s infancy. Islamic finance’s long-term prospects seem promising...

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