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Jim Nuzum

CEO of GCC Markets

Depending on which scholar’s view you are referring to, the Islamic Golden Age ran for about 400 years, from the early 9th century, well into the 13th century

During this time Islam contributed to and either, directly or indirectly, influenced economic doctrine on every continent
Today, with total assets somewhere around the $750 billion level, Islamic finance is a relatively small but vital element of the conventional finance sector globally; vital not just for its obvious political significance, but vital numerically too
At around 1
6 billion, almost 1 in 4 people in the world today practice Islam and on current growth rates this will increase to 1 in 3 by 2025
Comparatively, (ignoring the recent events in Dubai)  and not by accident or oversight, Islamic finance hardly missed a beat throughout the credit crisis and continues to maintain double digit growth rates, upwards of 15% pa