NEW YORK/WAM Gold surged to a fresh record above US$4,800 on Wednesday, buoyed by safe-haven …
Read More »Uncertainty over global economy takes its toll on Islamic banking
Reuters Islamic banks have continued to expand their balance sheets and capital buffers, but the era of double-digit growth rates could be coming to an end while asset quality concerns creep up, an industry oversight body said on Tuesday. Islamic finance, which has its core markets in the Middle East and Southeast Asia, follows religious principles that forbid interest and …
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