| From Thenational.ae: Some Islamic lenders encouraged poor banking standards in the property boom, contributing to the severity of the downturn and increasing the number of bad loans, top Sharia scholars say.
The revelation comes at the end of a painful earnings season for banks that has seen Islamic lenders such as Abu Dhabi Islamic Bank and Dubai Islamic Bank set aside billions of dirhams as provisions against a growing number of defaults........................................Full Article: Source
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