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

Bahraini Islamic banks double U.S. assets

Posted on 01 October 2009

From Maktoob.com: Bahrain’s Islamic banks more than doubled their assets in American markets to $4.66 billion over the 10 months since September last year, Manama-based Al Waqt daily reported Wednesday, citing central bank data.

This growth was at the expense of investments in some Arab states and other countries in Western Europe and Asia, the paper reports, adding that the banks have again turned to the U.S. for attractive investment opportunities during the global economic crisis………………..Full Article: Source

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