07.04.2010 - Moody's: Islamic finance industry faces need for innovation
A combined use of securitisation and derivatives offers considerable scope for reducing the risk exposures of Islamic financial institutions (IFIs) and thus improving their overall creditworthiness, Moody's Investors Service says in a new Special Comment. However, the Islamic finance industry needs to develop its own innovation phase and not imitate conventional derivative instruments in order for IFIs to maintain their special status and Shari'ah-compliant approach, Moody's report explains..............................................Full Press Release: Source
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