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Islamic finance needs to move beyond retail market, says expert
- Middle East: Sunday, September 26 - 2010 at 10:36
To compete better with conventional finance, Islamic finance will need to move beyond the retail market and develop its capital markets globally, an official from consultancy Deloitte told reporters in Dubai at the launch of the firm's Middle East Islamic finance leaders survey. "Islamic finance still represents less than 1 percent of the global market. It's not yet punching its weight," Daud Vicary Abdullah, global leader of Deloitte's Islamic finance group, was quoted as saying by Reuters.
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StaffSunday, September 26 - 2010 at 10:36 UAE local time (GMT+4)
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