VOL. XLV

No 5

4-February-2002

GENERAL

Moodys Says Islamic Banks NotAdapting To Innovative Financing

WhileIslamic banks are well placed to confront the challenges of disintermediationand technology, the design and implementation of innovative financingtechniques remains a considerable challenge, according to Moodys InvestorsService. The problem is that the new financing techniques may not becompatible with Islamic financial theory, said Andrew Cunningham, Moodyssenior vice-president and the author...