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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Islamic units at banks not fully credible

Posted on 23 November 2010

From Emiratesfn.com: Shariah-compliant units at conventional banks are not as credible as Islamic banks themselves while the nature of Islamic banking makes it less risky than other banks, a senior UAE Islamic banker has said.
Tirad Mohammed, CEO of the government-controlled Abu Dhabi Islamic Bank (ADIB), also described securitization as a “double-edge sword” which should be carefully considered by Islamic banks given its high risk……………………………………….Full Article: Source

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