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.
Islamic Finance Resource 