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Islamic banks have weathered sub-prime crisis well: Regulators

Posted on 07 May 2009

From Asiaone.com: Islamic banks and financial institutions managed to avoid the fallout from the sub-prime crisis, largely because they refrained from investing in toxic assets that were deemed ‘un-Islamic’.

And this prudence has put Islamic finance in good stead with investors looking for safe havens, said Professor Rifaat Ahmed Abdel Karim, secretary-general of the Kuala Lumpur-based Islamic Financial Services Board (IFSB)…….Full Article: Source

 
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