21.05.2009 - Islamic banking proves resilient
From Gulfweeklyworldwide.com: The total value of Bahraini banks' Islamic banking assets increased by 50 per cent in 2008 to $24.6 billion (BD9 billion), according to figures issued by the Central Bank of Bahrain (CBB). This increase, at a time when traditional banking institutions worldwide saw widespread depreciation in their assets, is a testament to the ongoing success and resilience of the Islamic banking system. By its very nature it precludes some of the riskier practices that have led conventional banks into their current situation.......Full Article: Source