Mobius: Concept of #IslamicFinance Is Sound

Islamic banking is increasingly attracting global funds. Mark Mobius, executive chairman at Templeton Emerging Markets Group sees great potential in Islamic finance and emerging markets. Tepleton invested $1.2 bn in sukuk alone and plans to invest more. Emerging markets have been negative in the last 3 years, but are now growing rapidly. The trend is towards greater privatization, more fairness and more disclosure.