25.02.2009 - Islamic mega-bank mergers touted

From Businessday.co.nz: The Islamic banking sector in the Middle East will see a round of mergers and acquisitions in 2009 that will pave the way for banks with billions of dollars in assets, a leading industry body said. "Consolidation is necessary," Mohamad Nedal Alchaar, secretary general of the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), said in an interview..... Full Article: Source

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