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ElleR:   IMF: Islamic financial assets represented 1% of global assets

11/11/2015

Islamic asset size in the world, amounted to about $ 2 trillion, which represents 1% of total global financial assets.  Drew the Director of the International Monetary Fund, “Christine Lagarde,” that the Islamic asset size in the world, amounted to about $ 2 trillion, which represents 1% of total global financial assets.

At a conference on Islamic Economics in Kuwait, Lagarde stressed that the Islamic Sukuk, increased by 10 fold, to reach US $ 300 billion recently, pointing out that most of these instruments are concentrated in the Gulf and Malaysia.  She pointed out that countries such as Luxembourg, South Africa and the United Kingdom, experienced a growth in Islamic asset size, over the past years.

It pointed out to the two main points that characterize Islamic finance, First, inclusiveness and ability to integrate, you can get a broader banking services, fill the needs of the population, as well as the link between the credit and security, including fits small and medium-sized companies, capable of creating jobs.

The second point, according to Director of the International Monetary Fund are funding ability on the development of Islamic assets, especially since he has the principle of participation in the profit and loss, in addition to the deposit, which allows to reduce the risks.

http://www.alqurtasnews.com/mobile/news/132312/iraq-news   

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