Middle Eastern Capital Fuels Boom In Islamic Finance

Law360, New York (March 27, 2008, 12:00 AM EDT) -- Law firms are bolstering their Islamic finance practices as they look to help clients into the estimated $1 trillion in investment capital up for grabs in the natural-resource-rich Middle East. But experts say the skills of some attorneys being drawn to the burgeoning field lag behind their enthusiasm.

Once regarded as an esoteric skill set rather than a stand-alone practice area, Islamic finance is quickly emerging as a field with real significance, said Oliver Agha, who is based in Dubai, United Arab Emirates, and is the...
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