Global Shariah Asset to Reach US$2 Trillion by 2010

Global Shariah Asset to Reach US$2 Trillion by 2010

JEDDAH: The Islamic Development Bank predicts global shariah financial asset grows by 20% per annum to US$2 trillion by 2010 from the current US$900 billion, thanks to oil price fluctuation and sub-prime mortgage crisis.

Executive Governor of the IDB for Malaysia Dato Ahmad Husni Mohammad Hanadzlah argued the sub-prime crisis and oil price fluctuation had made investors shift from established financial instruments to safer and more transparent shariah-based ones.

Read the rest …

 

Advertisements

One response to “Global Shariah Asset to Reach US$2 Trillion by 2010

  1. That’s a great news…may Allah make it grow in quadruples.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s