| From Brudirect.com: After the economic crisis that temporarily paralysed the entire globe in 2009, the Basel Committee has proposed to issue new and more effective global liquidity management standards for banks that aim to protect world finances to avoid a repeat of what was dubbed the "worst economic crisis since the 1930s".
However, though well-intentioned, the international standard setter for banks' vision does not entirely accommodate Islamic financial institutions as their reforms "have serious implications for Islamic banks" and may even fuel liquidity risks across Islamic financial markets due to the limited stock of Syariah-compliant government securities that are geared to meet the proposed narrow definition of liquid assets..............................................Full Article: Source
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