| 29.04.2009 - IFIs to face hit in profit if realty prices freefall |
| From Business24-7.ae: Islamic financial institutions (IFIs) face a significant hit on profits if real estate prices continue to fall in the Middle East, ratings agency S&P said yesterday. IFIs' direct exposure to real estate assets in 2008 reached 20 per cent of total loans, making them vulnerable to an ongoing correction in the previously fast-growing sector, the agency said in a report......Full Article: Source |