Wednesday, November 18, 2009

Islamic Finance: Lower Risk, But at What Cost? - BusinessWeek

Islamic Finance: Lower Risk, But at What Cost? - BusinessWeek:
"Financial products based on 8th-century religious laws may seem an unlikely haven during a global crisis. But Islamic banking and financial services, based on traditional Muslim laws known as Sharia, are enjoying a major resurgence.

A survey released on Nov. 5 by The Banker magazine found that assets held by Sharia-compliant banks rose 28.6% in 2009 to $822 billion, while assets held by conventional banks grew only 6.8%.

True, Islamic finance still accounts for only about 1% of the global financial-services market."

Here is my page on Islamic Finance that I have not updated in a VERY long time.

1 comment:

Financial Planning said...

i think you should update your islamic finance site. Maybe i can learn something there.

Just my 2 cents :)