“Islamic Finance Products ‘Attractive’”
In an article appearing August 6, 2008 in APA News Service (Austria), Booz & Company Senior Partner Klaus-Peter Gushurst (Europe) said that finance products in line with the regulations of Islam present “an extremely attractive growth market” in Austria. His comments are based on Booz & Company findings that reveal the market potential for bank products in conformity with Islam is about 230 million euros, with possible annual growth of 20 percent. In Austria, according to Statistics Austria, there are about 400,000 Muslims, with the number expected to rise to 500,000 within five years.