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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Customers’ interests ‘vital to lift banking standards’

Posted on 09 May 2012

Too often over the past five years the interests of customers at both conventional and Islamic banks have been neglected as bank management has focused on bonuses and share price. If banks neglect customers’ interests, then they will lose those customers.
That was the message from Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj to delegates at the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) conference. “This theme of looking after the interests of customers is carried in the AAOIFI Governance Principles paper issued in 2005,” he said………………………………………..Full Article: Source

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