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Islamic finance no longer immune to crisis

Posted on 04 December 2008

From Guardian: Islamic banking can no longer claim immunity from the global financial crisis now that it is hitting the industry’s main source of funding and property values in the Gulf Arab region.

The industry escaped the immediate fallout from the crisis as its ban on interest and its lack of structured products prevented it from investing in the assets that turned toxic for conventional banks….. Full Article: Source

 
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