UK remains key western centre for Islamic finance, according to new report
The global market for Islamic financial services is estimated to have risen by 25% to reach $951 billion by the end of 2008 according to the Islamic Finance report from International Financial Services London (IFSL). The independent organisation promoting financial services throughout the world also said that the Islamic finance sector is feeling the influence of the downturn in the global economy with asset growth likely to have paused for breath in 2009.
The global market for Islamic financial services is estimated to have risen by 25% to reach $951bn at the end of 2008, according to the Islamic Finance report from International Financial Services London (IFSL).
The organisation also said that the Islamic finance sector is feeling the influence of the downturn in the global economy with asset growth likely to have paused for breath in 2009.
The company stated that parts of Islamic finance face particular challenges with some Islamic banks
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