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Such is the amount handled by commercial banks. An Ernst & Young report also shows that by 2019, Islamic assets in Qatar, Indonesia, Saudi Arabia, Malaysia, the UAE and Turkey will be US$ 1.8 trillion.

Brazil’s federal, state and municipal governments and government-owned companies have posted a US$ 1.4 billion surplus in October, after five straight monthly deficits.

The NBAD’s Ângela Martins believes the country should join the Islamic finance market, considering its large trade and investment volume with Muslim nations. The market is currently worth US$ 1.2 trillion.

The unit inaugurated this Wednesday (26th) in the United Arab Emirates capital will process poultry-based products for distribution to Middle East countries.