The Asset Update
Higher penetration of Islamic assets seen in emerging markets
21 Sep 2011 by Chito SantiagoIslamic finance has grown significantly in the past few years and could become the largest segment in a number of banking systems in the Middle East by 2020 with a penetration rate in excess of 50 percent of the local banking assets. In Malaysia and Bangladesh, it would be close to 50 percent, based on a research by HSBC Amanah using historical compound annual rate of growth....
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