"I want to share the new i-word with you. It doesn't stand for iPad, iPhone or inflation–but for Islamic banking," Noripah Kamso, chief executive of Malaysia-based CIMB-Principal, said in a press conference in Frankfurt recently.But this attitude has changed after Islamic finance was introduced by Malaysia-based CIMB-Principal, the only registered Islamic investment fund in Germany.
Currently, there are nearly 300 Islamic banks and financial institutions worldwide whose assets amounting to $1.6 trillion (1.2 trillion euros).
(On-Islam / 13 May 2012)
Alfalah Consulting - Kuala Lumpur:
Islamic Investment Malaysia: