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Islamic banks’ conservatism wins

Posted on 09 November 2009

From Fin24.com: Banks that comply with Islamic Sharia law are thriving despite the global financial crisis, thanks largely to a “conservative approach to risk,” according to a new listing.

The latest research by The Banker magazine reveals that assets held by fully Sharia-compliant banks or the Islamic units of conventional banks rose by 28.6% to $822bn (€550bn) in 2009, up from $639bn (€430bn) in 2008…………………………Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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