27.09.2010 - GCC Islamic investment banks: Mid-crisis fall ‘to force improved risk management’
From Saudigazette.com.sa: The pre-crisis moves toward developing the concept of Shariah-compliant investment banking (SCIB) were brought to a halt by the onset of the global financial crisis and severely undermined by the spectacular defaults of a few SCIBs mid-crisis, Moody’s Investors Service said in a special comment on GCC Islamic investment banks. “The SCIBs’ unsound risk-management architecture is reflected by their concentration risks, poor sector allocation, imprudent liquidity management and imbalanced ALM,” it pointed out..............................................Full Article: Source
Print