From Gfsnews.com: The Central Bank of Bahrain has called for the “reinvention” of Islamic finance as it suggests that smaller players may be squeezed out of the US$1tn market as regulatory standards tighten.
Governor Rasheed Al-Maraj told the 17th annual World Islamic Banking Conference in Bahrain that Sharia compliant institutions must rethink their business model as credit and growth levels enjoyed prior to the 2007-8 crisis are unlikely return……………………………………….Full Article: Source