06.05.2009 - Liquidity squeeze hits Islamic finance
From Themalaysianinsider.com: While Islamic finance continues to develop, it has been hit by a liquidity crunch. The sector is grappling with the plunge in oil revenues and the impact on many of the Middle East countries. The slump in property prices is another big headache, given the asset-based nature of Islamic finance. In February, Abu Dhabi gave a US$10 billion (RM36 billion) bailout to neighbour Dubai as it reeled from the property bust.......Full Article: Source