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GCC Islamic investment banks: Mid-crisis fall ‘to force improved risk management’

Posted on 27 September 2010

From Saudigazette.com.sa: The pre-crisis moves toward developing the concept of Shariah-compliant investment banking (SCIB) were brought to a halt by the onset of the global financial crisis and severely undermined by the spectacular defaults of a few SCIBs mid-crisis, Moody’s Investors Service said in a special comment on GCC Islamic investment banks.
“The SCIBs’ unsound risk-management architecture is reflected by their concentration risks, poor sector allocation, imprudent liquidity management and imbalanced ALM,” it pointed out……………………………………….Full Article: Source

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