20.06.2012 - Islamic banks: A bank to bank on
Global financial crisis has challenged the very fundamentals and operating methodologies of several (hitherto well-managed) banks across the globe. Its effect has been pervasive and a vast majority of the banks and financial institutions have burnt their fingers badly. It is therefore pertinent to question the very philosophies of running these banks, which proved that nobody is ‘too big to fail’. During these troubled times, Islamic banks have shown somewhat better resilience as compared to their peers in conventional sector. In fact, some sections of the society believe that Islamic banking can be treated as a better possible cure for the market-related diseases and it can be relied upon, to bring in financial and economic stability...............................................Full Article: Source
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