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Islamic Finance Briefing - Categorized | Banking, Performance more

Property reliance, money mkt woes plague sharia banks

Posted on 07 May 2009

From Forbes.com: Islamic finance needs to address its over-reliance on real estate and the lack of a robust money market which puts the industry at risk, a top Malaysian central bank official said on Wednesday.

Islamic financial markets were billed as a safe and moderate alternative as conventional banks plunged into a crisis, but a slump in property prices in the Middle East has hit some sharia financial institutions…….Full Article: Source

 
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