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Islamic banking needs further development

Posted on 05 May 2009

From Theedgemalaysia.com: Despite the relative infancy of the global Islamic banking industry, certain steps need to be taken now to ensure that Islamic banking institutions can weather the cyclical movements of financial markets.

Mohieddine Kronfol, the managing director of Algebra Capital, an asset management company based in the Dubai International Financial Centre, Dubai, UAE, told The Edge Financial Daily in an interview that the industry needed to develop its investment universe and risk toolbox if it was to flourish…….Full Article: Source

 
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