Middle East Economic Survey

VOL. LII

No 42

19-Oct-2009

REGIONAL

Islamic Banks Better Positioned To Withstand Credit And Market Shocks, Says IMF

Islamic banks are better positioned to withstand credit and market shocks than conventional banks in the GCC, said the International Monetary Fund (IMF) in its regional economic outlook for the Middle East and Central Asia for October 2009. The report noted that Islamic banks are helped by larger capital and liquidity buffers, as well as the risk-sharing...