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Islamic Finance Briefing - Categorized | Banking, Investment, Market Moves more

Unicorn seeks opportunities to acquire stakes in regional banks

Posted on 27 July 2009

From Business24-7.ae: Referring to the global challenging environment for financial institutions, Majid Al Sayed Bader Al Refai, Founder, Managing Director and CEO, Unicorn Investment Bank, said: “Islamic banks have been somewhat insulated by their lack of direct exposure to the toxic assets that precipitated the financial crisis.”

He said financial expansion cannot be decoupled from real economic growth in Islamic finance and urged Shariah-compliant banks to work with their conventional counterparts to build a more robust financial system…………Full Article: Source

 
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