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Islamic Finance Briefing - Categorized | Banking, Market Moves, People more

Islamic banks find the balance

Posted on 05 October 2010

From Theasset.com: Just as conventional finance, Islamic finance has been vulnerable to fits and starts, to severe and disquieting hiccups whenever sound economic rules are being ignored. Last year showed how intertwined its future and health is with what happens to the global economy, and for that reason, the performance of an economy will significantly affect the growth of Islamic finance, says CIMB Islamic CEO Badlisyah Abdul Ghani.
He considers the Islamic finance industry lucky not to have been involved in subprime credit and not to have been heavily engaged in highly leveraged activities……………………………………….Full Article: Source

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