StanChart: Singapore Emerging as Top Islamic Banking Market
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StanChart: Singapore Emerging as Top Islamic Banking Market
The rise of Islamic finance has been dominated by a handful of countries with majority Muslim populations. But moving forward, Singapore could emerge as a top alternative market, according to Standard Chartered. From what was once a niche alternative to conventional finance in the 1970s, Islamic finance has now grown with its asset size reaching $5.5 trillion in 2024 and forecasted to hit $7.5 trillion by 2028, according to a Standard Chartered …
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