Moody’s says Islamic finance market shows no sign of slowing
Moody’s Investors Service says the global Islamic finance market, which includes Asia Pacific, has grown by approximately 15% in each of the past three years, partly as a result of the increased wealth in Islamic countries, driven in turn by high oil prices.
Furthermore, the market shows no signs of slowing, says Moody’s in a new special report entitled “2007 Review & 2008 Outlook: Islamic Finance”.
– www.theasianbanker.com (February 27 2008)–