13.05.2009 - Legal wrangles to test Islamic banking as boom fades
From Reuters: A wave of debt defaults is set to hit Islamic banks as deals sour amid the global slowdown, testing the legal framework and stability of an industry already facing the biggest slump in its 30-year history. The global economic downturn that punctured Islamic banking's growth bubble is also expected to bring many sharia financing structures under the legal microscope for the first time in centers such as Dubai, Bahrain and Malaysia........Full Article: Source
Print