The Islamic finance industry's growth has continued to defy global economic malaise in 2012. And, with more government interest, increasingly complex products and a large untapped customer base, future forecasts are no longer concerned with the industry's ability to continue growing but instead are focusing on the more complex issue of how it will evolve. An old Egyptian proverb comes to mind when reviewing the 2012 figures for the Islamic finance industry: "At the time of a test, a person rises or falls." This may well be said to reflect a current dilemma - that a bank's real worth is known only through the trials and tribulations of the global financial crisis.
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