The Islamic Capital Market (ICM) has been expanding worldwide, from the Middle East and Asia Pacific regions in the 1990s to include other geographical regions like Europe, the Americas and the global offshore markets in the 2000s. While some countries are at an advanced stage of development, others still find themselves at an early stage putting into place the appropriate infrastructural set-up for ICM operations to kick off. For further details see: ISLAMIC CAPITAL MARKETS: Principles & Practices.

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