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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Europe Arab Bank adopts strategy of ‘positive survival’

Posted on 01 December 2008

From Tradingmarkets.com: The London-based Europe Arab Bank, a branch of the Jordan-based Arab Bank Group, one of the oldest and largest banking groups in the Middle East, has adopted a strategy of “positive survival” to cope with the effects of the credit crunch, the global financial crisis and the recession that is dogging the UK.

And it has identified Islamic finance as a core part of this strategy because “it is better suited to absorbing the shocks of such a crisis.” Antoine Sreih, chief executive officer of Europe Arab Bank agrees that Islamic finance has the fundamental structure of sound and ethical banking, which is very important these days….. Full Article: Source

 
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