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Author:Thompson, J.
Title:Serving God and Mammon
Journal:Euromoney
1994 : NOV, p. 46-49
Index terms:BANKING
ISLAM
INVESTMENT
Language:eng
Abstract:Islamic banking has gone mainstream. From Cairo to Kuala Lumpur, the short-term cash deposits lodged in the 1970s and 1980s by Muslim investors have swelled to a 50 billion dollars sector, creating serious investment opportunities. Islamic banks are diversifying their portfolios - and conventional banks are opening Islamic divisions to compete. Jason Thompson reports. Even senior Islamic bankers admit their faith can make work much harder. The Muslim month ends when a country's cheif religious authority sees a full moon.
SCIMA record nr: 126982
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