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Islamic Finance Briefing - Categorized | Banking, Research more

Role of Islamic banks in economic growth

Posted on 12 October 2009

From Arabnews.com: We have heard all too often, especially in the recent past, that local banks are not lending. This is largely attributed by many to apprehensions of the effects of the global financial crisis on the local economy and local commercial enterprises.

Of course, many local banks have been quite hesitant to lend given the uncertainties, especially after the defaults of a couple of large conglomerates………………….Full Article: Source

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