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Takaful (an Islamic insurance concept based within Islamic banking law) is booming, fuelled by high economic growth, a young population, and a desire to conform to Islamic law. As per an Ernst & Young report, in 2006 the GCC contributed US$1 billion towards the global Takaful market total of US$2 billion. According to Ernst & [...]
GCC financial institutions and industrial companies are soon set to issue Islamic bonds worth US$30 billion, according to Moody’s Investor Services. The Islamic bond issues fell by more than 50% in 2008 compared to 2007. The value of bonds issued in 2008 was just over US$15 billion, while in 2007 it amounted to more than [...]
According to a research conducted by Merrill Lynch and Capgemini, the total wealth of high-net-worth individuals in the Asia-Pacific region is expected to grow by 8.5% per annum to reach US$12.7trn by 2011. This would be the second-fastest increase after the Middle East, thereby making it highly lucrative for Islamic banks. Islamic banks are performing [...]
According to Celnet, globally, Islamic banking assets are estimated to touch the range of US$ 650 billion-US$700 billion and have registered a growth rate of 10–15% per year over the last decade. As per Celent estimates, Islamic banking assets will continue to grow and will represent 5.1% of total banking assets by 2010. The Middle [...]
According to a study conducted by Asian Banker research group, the world’s 100 largest Islamic banks have outpaced conventional banks with an annual asset growth rate of 26.7%. The Islamic institutions registered a growth to approximately US$350 billion in assets, crossing the 19.3% growth rate of mainstream banks. This growth rate is above previous estimates [...]
As per a report by Resource Capital Research, in 2008, tin production from mines was estimated at ~333kt, up from 320kt in 2007. Of this, 72% was mined in China and Indonesia. Amid financial crisis, tin prices, which peaked at US$25,495/t in May 2008, slumped by more than 50% in five months. The price is [...]
According to Roskill Metals and minerals Report, the market for ground calcium carbonate (GCC) expanded from around 56Mt in 2004 to almost 72Mt in 2007, an average annual growth rate of nearly 9%. The demand was primarily driven by its growing consumption paper and printing industry. World demand for GCC is forecast to continue to [...]
Global demand for Indium has increased substantially over recent years, driven by its main application as Indium tin oxide used in flat panel television and video displays. The metal is also a key component in new generation thin-film solar cells. According to Metal Bulletin, demand for indium for use in third-generation thin film solar cells [...]
Worldwide crude steel production has declined from 1,344 million tonnes in 2007 to 1,329 million tonnes in 2008, representing a decline of 1.1% on a year-on-year basis. During the period 2001-2008, the world crude steel production grew at a CAGR of 7.9%. This growth was mainly driven by emerging countries such as China and India [...]
The global coal market grew by 18.9% in 2007 to reach a value of $312bn. In 2012, the global coal market is forecasted to grow by 14% over 2007 to reach $355.9bn. In volume terms, the global coal market grew by 7.9% in 2007 to touch 6.4 billion short tons. Asia-Pacific accounts for 64.7% of [...]
