Growth in Islamic finance market

Feb. 4 - Deutsche Bank in the Middle East expects growth in Islamic financing market in 2008.

Regional Head of Middle East Structuring for Deutsche Bank, Geert Bossuyt, sees growth of 20-30 percent in Islamic financing market this year, despite the knock on effects of the subprime crisis.

Bossuyt says he expects debate among Islamic scholars over the structure of sukuk borrowings to be resolved this year with a pick up in that market from late in the first half and expects non-Islamic borrowers to tap Islamic funds as a source of liquidity at a time when debt markets elsewhere are difficult.

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