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SE Asian syariah banks risk crisis

Posted on 05 December 2008

From BT: Southeast Asian syariah banks are vulnerable to a similar crisis that hit conventional lenders as a push for market share creates acceptance of risky products forbidden by Islam, a religious adviser said yesterday.

Strict lending rules and rigorous demands for transparency have shut out opaque structures and shielded Islamic banks from the worst of the financial crisis. But this austerity has also kept the US$1 trillion Islamic finance sector relatively small despite a boom in Gulf petrodollars which propelled the sector into the limelight….. Full Article: Source

 
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