According to Ahlul Bayt (A) News Agency – ABNA.ir – The conference, which heralds the consolidated growth of the Islamic banking market, will be held in Dubai between 25 – 27th October 2010.Islamic banking operates according to the principles of Sharia law and prohibits the charging of interest. It is becoming big news not only in the Persian Gulf, but across the Islamic world. The industry has seen recent expansion, with estimates of Islamic banks holding at least $800 billion of assets and bonds worth $100 billion. However this newer face of banking still faces stiff competition from the more conventional banks across the globe.
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