October 19, 2015
Dubai - directly said global rating institution Standard & Poor's, said that Islamic finance will resume growth again in 2016, but at a slower pace of between 10% and 15% during the last ten years.
The Foundation expects that the size of the Islamic finance up to $ 3 trillion over the next decade.
She added, "Enterprise" in the report that "directly" received a copy of it, that Islamic finance will be the impetus for further progress and maintain growth, as governments in key markets consider Islamic finance as a tool to maintain investment spending and addressing the negative impact of high oil prices on their budgets.
And see "Standard & Poor's" Islamic finance in light of regulatory changes and the application of the principle of participation in the profit and loss can help in solving the problems related to lack of liquidity management tools.
For his part, global head of Islamic finance said the S & Buser- Mohammed Damac, said that the Islamic finance industry has been able to be a critical mass, where the size of the Islamic finance at the moment about $ 2 trillion.
"The DAMAC" that there are some challenges faced by the Islamic finance industry, such as the decline in oil prices, and the changes that occur in the global regulatory framework for banks and insurance companies.
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