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Islamic lenders must merge

Posted on 29 March 2010

From Gulfnews.com: Regulators need to encourage “small” Islamic banks to merge to strengthen their finances and increase product offerings, a senior adviser at Bank of London and Middle East said.

“Small and new banks tend to target the market of older and bigger banks, which fragments the market rather than diversifying or broadening the Islamic offering,” Mahmoud Faruqui said in an e-mail on March 25……………………………….Full Article: Source

 
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