01.12.2008 - Islamic finance needs more innovation to go mainstream
From Business24-7.ae: Islamic financial institutions (IFI), though now part of mainstream finance from being niche players, are still not recognised as a global phenomenon, according to a report by Moody's. More complexity and sophistication is needed in both the sukuk and Islamic banking markets, Moody's said, in order to prepare for the future. Taking advantage of the current situation of conventional banks, the IFIs are increasing in size in terms of capitalisation..... Full Article: Source