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IFSB aims to set liquidity standards for Shariah banks

Posted on 06 November 2009

From Gulf-times.com: The Islamic Financial Services Board (IFSB) plans to draw up guidelines to help Shariah banks manage liquidity risks, its secretary-general said, as the industry looks to beef up regulation after the financial crisis.

No major Islamic banks have collapsed as a result of the financial crisis. But Shariah banking has been hit by sukuk defaults, a slump in Dubai real estate and a major debt restructuring……………………….Full Article: Source

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