31.08.2010 - 9/11 attacks gave rise to Islamic banks: IMF
From Emiratesfn.com: The 2001 September terror attacks in the United States have given rise to Islamic banks worldwide as Muslim investors kept their funds at home in&fear of any U.S. freeze decision, the International Monetary Fund (IMF) has said. But a stronger positive impact on the mushrooming of Islamic banks was the sharp rise in oil prices, which coincided with the September 11 attacks,&the IMF said in a study on Islamic banks published on its website this week..............................................Full Article: Source
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