Tue, Sep 2, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Market Moves more

Politics, realty prices underline Bahrain refinancing risk

Posted on 03 February 2012

A report by Moody’s in October stated 29 percent of loans extended by Bahraini retail banks in the kingdom were real estate-linked. This is particularly the case for Islamic banks, who like the sector because of its sharia-compliance. Concern about their capital bases has already seen the central bank advocate the merging of five Islamic banks, which should be completed during the first quarter.
“Conventional banks have relatively less real estate exposure, especially compared to before the financial crisis, but Islamic banks have been affected and if you follow their results, there have been impairments on assets,” said Waruna Kumarage, senior analyst for asset management at SICO Bahrain………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930