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Islamic banks are urged to be wary of risks

Posted on 25 May 2011

It has been reported that Islamic banks need to manage the risks in the financial system ahead of any possible crisis or downturn, business advisory firm PricewaterhouseCoopers (PwC) warned.
Mohammad Faiz Azmi, global leader of PwC’s Islamic finance team, said: “Risk management is an issue which cannot be ignored by any financial institution, but Islamic banks in particular need to establish risk management credibility as they aspire to move into the mainstream of the financial system.”………………………………………Full Article: Source

 
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