25.04.2011 - Islamic finance could lead banks' recovery
Islamic finance is gradually building momentum across the world and will likely lead the re-emergence of the global financial industry from the recent crisis. However, the industry needs a level playing field to achieve its potential, said Richard Thomas, Chief Executive of London-based Gatehouse Bank. "Over the years, the conventional banking industry has been underpricing risk through excessively cheap debt. At such low levels of pricing it was impossible to compete with conventional banks," Thomas said..............................................Full Article: Source
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