06.11.2009 - Islamic banks weather economic storm
From Middle-east-online.com: Banks that comply with Islamic Sharia law are thriving despite the global financial crisis, thanks largely to a "conservative approach to risk," according to a new listing published Thursday. The latest research by The Banker magazine reveals that assets held by fully Sharia-compliant banks or the Islamic units of conventional banks rose by 28.6 percent to 822 billion dollars (550 billion euros) in 2009, up from 639 billion dollars (430 billion euros) in 2008............................Full Article: Source
Print