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Commodities Briefing - Categorized | Commodity Crisis, Fund Profile, Market Moves more

Commodity slump could hit Islamic banks

Posted on 14 October 2008

From Reuters: Islamic banks have been barely bruised by the global credit crisis so far, but the worst is yet to come as falling property and commodity prices and slowing economies start to hit the sector.

As the global economy buckles, credit lines tighten and consumer confidence crumbles, Islamic institutions — which manage an estimated $1 trillion worldwide — will not escape the pain that is plaguing conventional lenders in the West…… Full Article: Source


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