Compared to its conventional counterpart, contemporary Islamic finance is considered a nascent industry. Statistics from various sources
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Question:
- Compared to its conventional counterpart, contemporary Islamic finance is considered a nascent industry. Statistics from various sources has reported that the industry is growing at a rate of 15 - 20% annually. Despite the rapid growth, the industry faces various challenges which hamper its survival and competitiveness. Determine the few challenges faced by the industry and provide recommendations how to overcome these challenges.
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