Islamic banks 'can fill funding gap': S’pore Monetary Authority
Islamic banks are preparing themselves to catch a larger share of the global trade and project financing market, while European banks pull back funds to improve balance sheets back home.
The Monetary Authority of Singapore's (MAS) managing director Ravi Menon underlined the fact that trade and infrastructure development is naturally compatible with Islamic finance, which has the centre of attraction in supporting real productive activities.
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