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Islamic financial units ‘at cross roads’

Posted on 10 January 2011

From Tadearabia.com: Islamic financial institutions are at cross roads entering 2011, as the users of the service debate effectiveness of existing Shari’a governance framework, as well as synthetic product structures commonly in use, according to Ernst & Young.
Islamic finance industry is expected to show resilience in the a challenging economic scenario despite the fact that growth levels of the Islamic finance industry, at more than 20 per cent per annum for the past several years, came under tremendous pressure in 2010, said the E&Y in its study……………………………………….Full Article: Source

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