Liquidity woes menace Islamic banks
On April 14, 2009 · In Economic Crisis, Islamic Banking, Islamic Economics, Islamic Finance, Shariah Banking, Shariah Finance
So much for the fable that “Islamic finance” is insulated from the financial crisis…
“Sohail Zubairi, chief executive of Dar al-Sharia consultancy, said retail lending will be hit first if bank funding remains sparse through the third quarter but that worse could be in store, including a possible bank collapse.”
http://in.reuters.com/article/bankingfinancial-SP/idINLD43711520090413
Categories
Archives