A report prepared KFHR Limited, a subsidiary of Kuwait Finance House (KFH), has stated that Islamic finance deals have contributed to the growth of the aviation sector in the region. KFHR expects more large financing deals to be completed in this area due to the rise in demand for Islamic finance in general and the strength of Middle Eastern airlines. The report explains that the aviation sector seems to poise for further recovery for several reasons including: the rapid development of aviation sector in emerging markets; booming of low-cost carriers; and the replacement of less efficient aircraft. The overall volume
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