| 28.10.2008 - Islamic Finance can cut severity of crisis: Saudi economist |
| From Khaleejtimes.com: Islamic finance can cut the severity and frequency of financial crises, and also reduce the problem of subprime borrowers by providing them loans at affordable terms, according to Umer Chapra, a well-known Saudi economist. Chapra estimates the derivatives market to be around $600 trillion, more than 10 times the size of the world economy. The derivatives include credit default swaps (CDS) worth $54.6 trillion..... Full Article: Source |