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Globalisation of Islamic Finance: Malaysia in the Forefront
Islamic finance is undergoing various progressive stages as one of the fastest growing asset classes in the world. In spite of the continuing aftershock of the global financial crisis and the Dubai debt standstill, the industry is expanding in many emerging markets and introducing new standards that should help develop products and attract investors.
The sector has expanded even as other markets have been swamped by Europe’s sovereign debt crisis. The industry's ability to absorb the shocks of financial crises better than conventional institutions has attracted remarkable attention, including from non-core markets of Europe and North America.
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