Hurriyet.com.tr, 11 May 2009
SINGAPORE - This year will be one of slower growth for the Islamic finance industry, which has boomed for the past decade. Sales of Islamic bonds, or sukuks, plummeted last year as oil prices rapidly declined and the global financial crisis hit investor confidence. Still, the industry looks promising due to its risk-sharing concept
The Islamic finance industry will have a "year of slower growth" in 2009 after expanding assets by 28 percent globally last year, Saudi Arabia central bank Governor Mohammed al-Jasser said in Singapore on Thursday.
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