Wednesday 8 October 2014

Islamic finance industry global assets up $1.6b | GulfNews.com

Islamic finance industry global assets up $1.6b | GulfNews.com:



"Abu Dhabi Islamic Bank (ADIB) said the Islamic finance industry is growing rapidly, with global assets increasing by an estimated 16 per cent last year to $1.6 billion (Dh5.9 billion) last year.



The bank convened a high-level workshop in the UAE last week to discuss the current status of the Islamic finance industry and how innovation can sustain its rapid growth.



Speakers at the workshop suggested that better alignment of standards across the industry would allow Islamic banks to compete more effectively with conventional banks and take greater market share."



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