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Study shows Islamic banks perform best during economic crisis

Posted on 12 July 2010

From Cpifinancial.net: New research from The British University in Dubai shows GCC-based Islamic banks performed better during the recent recession than conventional banks. Study suggest that in general Islamic banks are less cost-efficient than conventional banks, possibly due to a lack of economies of scale or because customers are predisposed to Islamic products regardless of the cost.
Islamic banking practice performed better and showed greater resilience during the recent economic crisis than conventional banking practice, according to new research by The British University in Dubai (BUiD), a research-based postgraduate university…………………………………..Full Article: Source

 
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