Middle East Economic Survey

VOL. LIII

No 40

4-Oct-2010

REGIONAL

Moodys Says Shari'a-Compliant Banks Need To Improve Risk Management

Sharia-compliant investment banks (SCIBs) will need to make efforts to significantly improve risk management for a successful recovery after the global financial crisis, Moodys Investors Service said on 22 September. In the report GCC Islamic Investment Banks: Mid-Crisis Collapse to Force Improved Risk Management, the ratings agency said that the crisis almost...