Riyadh, Asharq Al-Awsat - According to a report issued by the General Council for Islamic Banks and Financial Institutions, we could call 2009 the 'critical year' throughout the age of Islamic Finance across the Gulf region. In that year, numerous events took place which had an impact on the development of this industry throughout the region. The Gulf is the 'cradle' of this particular industry, the place where it was born and launched. It is also very much the backbone of Islamic finance, with the greatest concentration of assets and institutions.
