UAE ranks third in Islamic assets with $75b: Report

It is estimated that the total Islamic assets of the UAE are worth $75 billion. This sum puts the country on the third place regarding the global market for the Shariah-based banking industry. The worldwide assets in this area are expected to reach $1.8 trillion in 2013. The world's leader in Islamic assets is Saudi Arabia with an estimated total of $207 billion for 2011. The Islamic banking industry continues its rise as the top 20 Islamic banks grew 16% in the past three years.

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