European Central Bank Governing
ECB’s Mersch Says Islamic Banks May Suffer More in Downturns
Fri, 2010-11-19 12:12 — newsdeskEuropean Central Bank Governing Council member Yves Mersch said Islamic financial institutions may be more vulnerable to economic slumps.
The worldwide issuance of Sukuk, or Islamic bonds, by governments and companies has dropped to an estimated $20 billion in 2010 from an estimated $50 billion in mid-2007.
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