Middle East Economic Survey
Islamic Banks And Takaful Companies Challenged By Financial Crisis, S&P Reports
The global financial crisis is having a less disruptive effect on the Gulf Islamic financial institutions (IFIs) and takaful companies, notes Standard & Poors Rating Services (S&P) in a 27 February report, thanks to their compliance with Shari'a law which prohibits interest-based financial products. S&P suggests the resilience of takaful and...
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