Middle East Economic Survey

VOL. XLVII

No 48

29-November-2004

RATINGS

S&P Deems Islamic Banking A Unique Business Strategy

Standard & Poors (S&P) labeled Islamic banking a unique business strategy for credit institutions in a report it published on 22 November entitled Islamic Banking: A Unique Differentiation Strategy For Gulf Financial Institutions. Anuar Hassun, lead author of the report, said that for the Gulfs smaller banking institutions, the Islamic option might be a viable,...