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Islamic finance needs to diversify funding sources

Posted on 04 December 2008

From Business24-7.ae: Islamic finance industry, which still typically depends on retail deposits, needs to diversify its funding sources to fight off the financial crisis, bankerS said.

As liquidity has dried up in a region spoiled by high oil revenues, Islamic banks need to diversify their products and better manage the cash they have on their balance sheets, said David Pace, Chief Financial Officer at Bahrain-based Unicorn Investment Bank….. Full Article: Source

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


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