09.01.2013 - Wisdom of new Basel III liquidity rules put under the microscope
Shariah-compliant banks, according to the LCR document, face a religious prohibition on holding certain types of assets, such as interest-bearing debt securities. Even in jurisdictions that have a sufficient supply of HQLA, an insurmountable impediment to the ability of Shariah-compliant banks to meet the LCR requirement may still exist...............................................Full Article: Source
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