05.12.2012 - Liquidity management critical for Islamic financial institutions
Liquidity management is a critical area for both conventional and Islamic financial institutions. The importance of liquidity management has been further highlighted through lessons from the recent global financial crisis, including that all financial institutions must not over-rely on leveraging, said the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) secretary general and chief executive Dr Khaled Al Fakih. He went on to outline Islamic finance mechanisms which, he said, ...can be used by Islamic financial institutions to obtain liquidity from their investment account holders and depositors, including current account holders, and to mobilise such liquidity for financing and investment...............................................Full Article: Source
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