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Islamic banks ‘must diversify to tackle crisis’

Posted on 14 July 2009

From Tradearabia.com: Islamic investment banks are too dependent on real estate for their investment activity and they need to diversify into other asset classes such as Islamic private equity and venture capital in order to weather economic crisis, says a new report.

According to “Islamic Investment Banking 2009,” published by Yasaar Media and co-published by Unicorn Investment Bank and Doha Islamic, the Islamic finance industry has seen significant shrinkage since the onset of the global financial crisis as the values of investments and deposits have declined in line with global markets………Full Article: Source

 
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