Islamic financial assets to reach USD 1.6 trillion late 2012 - report

According to a recent economic report, the Islamic finance industry has great prospects of global growth since it has already achieved significant growth rates among global financial services sectors. This year, the total value of Islamic financial assets is expected to be as high as USD 1.6 trillion and the growth is expected to continoue the following year. As main reasons for the expansion the increasing demand for Shariah-compliant assets and the active promotion of the Islamic financial market are pointed out.