Sun Apr 28, 2013 10:7AM
Islamic securities and financial markets growing rapidly. Many global leaders in securities and finance have gathered in Tehran to exchange ideas on the Islamic financial markets, find methods to enhance sustainable growth in Islamic financial markets and strengthen Islamic capital markets. These were the focal points discussed at the 5th International Orientation Course on Islamic Capital Markets held in the Tehran. Financial experts from 16 countries such as Pakistan, Egypt, Sudan and Austria attended the event. Many are resorting to Iran’s financial and energy exchanges since the country is the 4th largest producer of petroleum and oil worldwide and is the 2nd largest exporter to the Organization of the Petroleum Exporting Countries (OPEC). Experts believe since the economic downfall of 2008, adopting Islamic financial markets’ ideologies can be beneficial. Iran is considered a leading and significant country in the region, ranking 2nd in the world in terms of oil and gas reserves and 24th in gross domestic product (GDP).