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3/11/13, "City in fresh bid to become Sharia finance hub," UK Telegraph, Denise Roland
"London is set to go head-to-head with the world's leading Islamic finance
centres as the government pushes to make the UK a leading centre for
Sharia-compliant lending."
"Partly because it has the support of cash-rich funds from the Gulf, Islamic
finance fared relatively well during the global financial crisis, and it is
expected to keep growing.
Standard & Poor's has forecast that the market for Sharia-compliant
products will double to $3 trillion (£2 trillion) by 2015, while consultancy
Oliver Wyman estimated that 150 new Islamic financial institutions will be
needed globally by 2020 to satisfy demand."...
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