TITLE

Optimism returns to Islamic banks

AUTHOR(S)
Dudley, Dominic
PUB. DATE
April 2009
SOURCE
MEED: Middle East Economic Digest;4/24/2009, Vol. 53 Issue 17, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
40507547

 

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