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Crisis to shape new Islamic investment banking

Posted on 23 September 2010

From Alrroya.com: Development plans for the creation of a full-fledged shariah-compliant investment banking (SCIB) sector had to be put on a back burner following the onset of the global financial crisis, which undoubtedly stunted growth in the banking and finance industry worldwide.
The SCIB concept – originally conceived as boutique investment houses created by individual investment bankers – had suffered considerably during the crisis, but would likely evolve as part of larger Islamic banking groups that are seeking to diversify, says Anouar Hassoune, Moody’s Vice President-senior credit officer and lead analyst for Islamic banks……………………………………….Full Article: Source

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