Wed, Apr 23, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Emerging Trends, Performance, Research more

Debt defaults to hit Islamic banks

Posted on 13 May 2009

From Business24-7.ae: A wave of debt defaults is set to hit Islamic banks as deals sour amid the global slowdown, testing the legal framework and stability of an industry already facing the biggest slump in its 30-year history, experts said.

The global economic downturn that punctured Islamic banking’s growth bubble is also expected to bring many Shariah-financing structures under the legal microscope for the first time in centres such as Dubai, Bahrain and Malaysia……..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930