Islamic Finance and LNG — Developments to Date
March 2007 Petroleum Economist
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Islamic finance is big business. Although, according to a 2005 International Monetary Fund paper1, there was only one Islamic finance institution in existence in 1975, the same research indicates there are now more than 300 Islamic finance institutions around the globe, with assets estimated in excess of $250 billion. Furthermore, these assets are estimated to have a growth rate of more than 15 per cent per annum. Islamic finance is going only one way and that is up.
1'Islamic Finance Gears Up', Finance and Development, Volume 42, Number 4, December 2005
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