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...
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