09.11.2009 - Islamic banks' conservatism wins
From Fin24.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. 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% to $822bn (550bn) in 2009, up from $639bn (430bn) in 2008..............................Full Article: Source
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