Monday 10 May 2010

FACTBOX-Islamic finance regulations around the world | Reuters

FACTBOX-Islamic finance regulations around the world | Reuters


Islamic finance is fast gaining momentum around the globe as countries look to cash in on a market that ratings agency Moody's forecasts could hit $5 trillion over time.

But Islamic finance has no global standardisation, which means individual countries have to tweak regulations to accommodate the market.

Here are examples of what some nations have done to accommodate Islamic finance and what they still need to do.

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