One of the fastest expanding fi nancial services sectors globally is Islamic fi nance which has consistently shown
growth rates of around 10-12% annually over the last two decades and has assets of around GBP2.5 trillion
(US$3.19 trillion), according to Raconteur. The spread of Islamic fi nance into western markets, VISHAL PANDEY
opines, demonstrates that it is now being viewed by investors, fi nancial institutions and regulators as a viable
alternative to conventional products.
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