European Islamic Investment Bank, (EIIB) which offers Sharia-compliant financial products, plans to raise up to $600 million of funds to tap the thriving niche market driven by rising petrodollar wealth.
Industry watchers estimate the total liquid assets of high-net-worth Muslim individuals, with financial assets over $1 million, are worth more than $700 billion, and will grow at roughly 10 per cent a year for the next few years.
Read the article at Gulf News.
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Also in Gulf TimesSat, 2007/06/16 - 17:20
Also reported in Gulf Times
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