From Gulf-times.com: Shariah-compliant investment banks (SCIB) in the Gulf region, which faced a near-collapse on global financial crisis, is likely to see a potential rebirth but in the form of specialised business lines of larger Islamic banking groups, according to global credit rating agency Moody’s.
“A potential rebirth of this sub-sector is likely to take a different form from the pre-crisis model,” said Anouar Hassoune, vice president-senior credit officer at Moody’s Financial Institutions Group……………………………………….Full Article: Source