Islamic banking assets to reach $1.6 trillion by 2012

Islamic banking assets to reach $1.6 trillion by 2012

growth

A new report issued today by Oliver Wyman, an international management consulting firm, predicts that Islamic finance is set for continued strong growth, despite short term market volatility.

The next chapter in Islamic finance: Higher rewards but higher risks estimates that by 2012 Islamic assets will reach $1,600bn with revenues of $120bn and that Islamic wholesale banking – the biggest market for Islamic finance – will continue its strong growth to reach $1 trillion with revenues of more than $60bn.

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