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Islamic Finance Briefing - Categorized | Banking, Performance more

BLME returns to healthy profits

Posted on 11 October 2010

From Arabnews.com: After a dismal 2008 and 2009, is the tide starting to turn for the five Islamic banks authorized in the UK - Bank of London and The Middle East (BLME), Gatehouse Bank, Qatar Islamic Bank UK (formerly European Finance House), European Islamic Investment Bank (EIIB) and Islamic Bank of Britain (IBB)?

While some of the problems faced by the above banks were due to the impact of the global financial crisis and the credit crunch, the fundamental problem in some cases lay with flawed business, strategy and marketing plans and in one or two cases with mismatched senior management with minimal experience in Islamic finance…………………………………….Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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