GERMANY - Dubai Exports and AHK lead Islamic finance trade mission to Germany

Dubai Exports, an agency of the Dubai Department of Economic Development (DED), Government of Dubai, led an Islamic financial services trade mission to Germany. The mission was organised in partnership with the German Emirati Joint Council for Industry and Commerce (AHK) and sought to assist firms from the UAE to enter the largest economy in Europe.

 Eng. Saed Al Awadi, CEO of Dubai Exports, said that, "two years ago we started promoting UAE's capabilities and expertise in Islamic or Shariah compliant financial services to major markets abroad. We were not surprised by the overwhelmingly positive response and the successful outcomes that have been achieved to date. This mission builds on from our previous successes and allows our firms in the sector to target new markets." (full story)

EUROPE - Dubai Exports Islamic Finance to Europe

While the conventional financial system is recovering from the fallout of the international financial crisis Islamic finance on the other hand is growing rapidly. Statistics show that global Islamic banking assets have grown approximately 10% per annum from the mid 1990s when they were about US$150 billion. 

 

Today, global Islamic financial assets stand at approximately US800 billion. Industry experts claim that over the next decade the sector may reach US$4 trillion. The growth of Islamic Financial Services has been driven by a growing Islamic population that is enjoying a rapid rise in purchasing power, due to better education and employment opportunities. This has been supported by financial engineering and innovation in the provision of Islamic financial products and services. (source)

GERMANY - Islamic finance Germany - factsheet

Source : http://vae.ahk.de/uploads/media/Islamic_Finance_in_Germany_Factsheet.pdf


2011 Islamic Finance in Germany Factsheet