31.10.2008 - GCC finance sector growth seen lacking focus, transparency
From Bi-me.com: The financial industry in the GCC has been growing due to the rise in demand from the real estate sector and therefore appears to be lacking pace and focus, according to a study. Moreover, the GCC property and financial markets face key challenges, including lack of information and transparency as well as the perception of leniency towards consumers in default scenarios and limited protection for creditors, said an analysis by Capitas Group, a New York-based firm with a track record of establishing Shariah-compliant specialty finance business...... Full Article: Source