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9/11 effect on Islamic banking overstated

Posted on 01 September 2010

From Cpifinancial.net: The paper Islamic Banking: How Has it Diffused? does not, as has been widely reported elsewhere, represent the views of the International Monetary Fund (IMF) itself but solely those of the authors, Patrick Imam and Kangni Kpodar.
They note that the 9/11 attack on the US ‘had a positive impact on assets of Islamic banks, perhaps because Muslim investors, who traditionally invested in the West, were compelled to keep more money at home for fear of expropriation, for instance’……………………………………….Full Article: Source

 
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