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Islamic finance regulation should focus more broadly-officials

Posted on 08 May 2009

From Guardian.co.uk: Regulators have to police Islamic financial institutions from a macro and systemic perspective rather than by focusing on single institutions if the sector is to grow, industry officials said on Thursday.
A broader approach is needed in part so that the once-niche Islamic financial sector that is now a $1 trillion industry can avoid the sort of financial storm that has swept through conventional banking during the credit crisis, said the secretary-general of the Islamic Financial Services Board, Rifaat Ahmed Abdel Karim…….Full Article: Source

 
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