A number of Western borrowers and investors have indicated to us that they see Islamic finance as a natural alternative to conventional finance.

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Islamic finance is currently the growth sector of the global financial markets. It has been growing in the range of 15 and 20 per cent over the last five years and is expected to grow at around 10 to 15 per cent over the next three year period.

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Our target clients are both Muslims, and increasingly non-Muslims, from Europe, the Middle East and Asia. Initially our focus will be on servicing the needs of both institutional and private banking clients from the UK, Europe and the Middle East and then followed by Asia.

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