Bahrain to Host Islamic Banking Meet

Bahrain will host the 15th Annual World Islamic Banking Conference (WIBC) next month that will bring together international industry leaders who have contributed significantly to forging the future of this industry to map out the next phase of development.

Islamic banking escapes global financial crisis

Heavy reliance on property investment, private equity keep Islamic banking away from global turmoil.

KUALA LUMPUR – Islamic banking has largely escaped the fallout from the global financial crisis, thanks to rules that forbid the sort of risky business that is felling mainstream institutions. But experts say that because of its heavy reliance on property investments and private equity, the booming 1.0 trillion dollar global industry could be hit if the turmoil worsens and real assets start to crumble.