Most people know that Islamic finance is a way of performing financial transactions
Finterraventures09 Nov, 2020Business
Most people know that Islamic finance is a way of performing financial transactions and banking while respecting Islamic law or sharia. The same people would be surprised to know that Islamic finance hardly existed 30 years ago. Yet today it is a .2 trillion industry with hundreds of specialized institutions located in more than 60 countries. Islamic banks are by far the biggest players in the Islamic finance industry and account for .5 trillion in assets.
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