25.11.2010 - Islamic banking facing challenges
From Gulf-daily-news.com: The aftermath of the financial crisis presents the Islamic financial industry with both an opportunity and a challenge. But anyone in the industry who thinks Islamic financial institutions can return to business as usual is wrong, according to Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj. Speaking in a keynote address at the opening of the 17th Annual World Islamic Banking Conference (WIBC) at the Gulf Hotel, he said that while Sharia-compliant institutions, by their very nature, did not get involved in structured investment vehicles and other instruments that turned into toxic assets, the industry did follow conventional banking in becoming overleveraged..............................................Full Article: Source
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