25.02.2009 - Islamic financial bodies less affected by financial mayhem - CBK chief
From Zawya.com: Islamic financial institutions were affected by the global financial crisis at lesser extent than that which was faced by the conventional financial institutions, Kuwait's top banker said here Tuesday. To prove that, no institution from the Islamic finance industry has collapsed so far, contrary to what happened to several conventional financial institutions, Sheikh Salem Al-Sabah, governor of the Central Bank of Kuwait (CBK), said in a keynote speech at the 8th Annual Islamic Finance Summit, organized by Euromoney Institutional Investor plc, held here from February 24-25, 2009..... Full Article: Source
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