| From Zawya.com: Islamic banks—financial institutions based on Islamic law—in the Middle East and North Africa (MENA) have made impressive gains against the region’s conventional banks in recent years. However, the need for consolidation in this industry is increasing as the economic crisis continues to hamper growth and the market becomes more crowded.
Despite low asset prices, merger and acquisition (M&A) activity has been limited. In this paper we examine the factors that have limited M&As in Islamic banking and outline a way forward for the sector..............................................Full Article: Source
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