Optimism returns to Islamic banks

Dudley, Dominic
April 2009
MEED: Middle East Economic Digest;4/24/2009, Vol. 53 Issue 17, p18
The article discusses the growth of the Islamic banks. It is stated that despite the global recession the Islamic banks are growing. Islamic banking is part of the global financial industry and the impact of the credit crunch on these banks are indirect. Islamic banks were less exposed to sub-prime. This has made the job of attracting deposits easier, as wary investors want to put their money in the least affected parts of the markets.


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