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Islamic finance set to cross US$1tr: Moodys

ABU DHABI: The market for Islamic financial products is poised to surpass US$1 trillion in value this year as demand surges globally, a senior Moody’s official said today. With a growth rate of 20 per cent per year, the market for products such Islamic bonds and savings products was worth around US$950 billion at the end of 2009, said Anouar Hassoune, vice president, banking at Moody’s. “The …


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Islamic finance set to cross US$1tr: Moodys

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