RECENT GROWTH OF ISLAMIC FINANCE

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RECENT GROWTH OF ISLAMIC FINANCE

RECENT GROWTH OF ISLAMIC FINANCE

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The current global financial crisis is an issue which links back from in the year 2008.It is said that this condition was triggered by the advent of sub prime mortgage crisis in the United States and became apparent in 2007.This period was marked with the instability of stock markets, failures in some prominent banks, and mortgage lenders. However as the situation grew worse, mitigation measures were to be adopted and to form the basis for the design of policies as corrective measures of which Islamic community was not an exceptional.