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Article: Diversity the `Need Of The Hour` for Islamic banks; Challenges facing Islamic finance must be tackled head-on.
- Article from:
- M2 Presswire
- Article date:
- June 10, 2002
CopyrightCOPYRIGHT 2002 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-10 June 2002-IIR Holdings Ltd: Diversity the `Need Of The Hour` for Islamic banks; Challenges facing Islamic finance must be tackled head-on (C)1994-2002 M2 COMMUNICATIONS LTD
RDATE:06092002
Dubai, UAE - (PRN): Islamic banks are being challenged to diversify and develop new sources of revenue rather than simply competing on price against each other in a narrow range of products.
It is "the need of the hour if our industry is to grow," says Atif A.
Abdulmalik, Chief Executive Officer of the First Islamic Investment Bank, Bahrain.
Quoted in the restricted circulation Jane`s Islamic Affairs Analyst newsletter ...