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Islamic banks unhurt by toxic assets, but could suffer as crisis evolves

Posted on 04 March 2009

From Rferl.org: Political and business leaders at the World Islamic Economic Forum in Jakarta this week have been praising the prudence of Islamic financial institutions.

They say Islamic banks have not been hit by the global financial crisis as hard as their Western counterparts because they refrained from investing in toxic assets that were deemed “un-Islamic.”…. Full Article: Source

 
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