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Video – Islamic bank growth continues
Despite the global slowdown Islamic banking will continue to grow as multinational banks trim investments and sovereign wealth funds inject cash.
Professor Mahmoud El-Gamal, Chair of Islamic Economics at Rice University, says that despite the global economic slowdown Islamic banks will likely continue to see good growth because multinational financial institutions have had to cut back on lending in the Middle East and Sovereign Wealth Funds, eager to advocate Islamic financial growth, will likely inject the sector with cash.
Speaker: Mahmoud El-Gamal Chair of Islamic Economics, Rice University Presenter: Ruben Ramirez New York