26.11.2008 - Experts predict mergers as meltdown set to impact Islamic finance industry
From Khaleejtimes.com: Islamic finance industry will be impacted by the global economic meltdown, but it could witness several mergers and acquisitions, industry experts said. The current turmoil offers Islamic finance industry an opportunity to transform to emerge as a role model for the global economy, said speakers at the at the DIFC Week panel discussions. Khalid Abdulla Janahi, Group Chief Executive of Dar Al-Maal Al Islami (DMI) and Chairman of Ithmaar Bank, said Islamic finance banks should look at acquiring large conventional banks that would give them the ability to become leaders and innovators in the global economy...... Full Article: Source
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