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Islamic banks need to diversify - Bahrain c.banker

Posted on 24 November 2010

From Reuters: Islamic banks need to diversify their business models away from deal-making fees to survive in a period without pre-crisis liquidity levels, Bahrain’s central bank said on Tuesday.
“Islamic financial institutions need to build diversified sources of revenue, relying not only on placement and performance fees, but also on the steady stream of income generated by such unglamorous but essential activities as advisory services, asset management and providing financial services to retail clients,” governor Rasheed al-Maraj said……………………………………….Full Article: Source

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