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The General Council of Islamic Banks and Financial Institutions: Islamic banking will reach 4 trillion dollars in 2020

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Post by RamblerNash Sat Jan 27, 2018 11:34 pm

The General Council of Islamic Banks and Financial Institutions: Islamic banking will reach 4 trillion dollars in 2020

The General Council of Islamic Banks and Financial Institutions: Islamic banking will reach 4 trillion dollars in 2020 5387

27/01/2018

Economy News Baghdad:

The Secretary General of the General Council of Islamic Banks and Financial Institutions, Abdul Ilah Belaitiq, announced that Islamic banking will reach 4 trillion dollars in 2020.

"Islamic banking began more than 40 years ago in the Arabian Gulf and is now worth $ 2 trillion and is expected to reach $ 4 trillion by 2020," he said at the Islamic Banks Forum in Iraq.

He added that "the world is interested in Islamic banking today and the establishment of the International Monetary Fund Islamic Services Commission to lay the foundations for the work of the banking sector."

He pointed out that "Islamic banking can help the economy of Iraq through financing projects and infrastructure development," pointing out that "the world contains 40 Islamic banks operating in 90 countries."

http://economy-news.net/content.php?id=10809

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