What were the key developments in the Islamic finance industry in 2011? What major issues were raised and what lessons we can learn from them? What is in store for the industry in 2012?
There are a couple of points that stand out: 1) In the context of global stresses and increasing risk aversion from investors, we have seen from the volume of issuance in this year that the Islamic investor base in the Gulf was an important community and less marginal than prior years. 2) Looking forward I think there will be an increased growth, with some from non-Islamic nations. In particular I hope to see the IILM become active is issuing short-term paper much....
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