Islamic banks stand firm against credit crisis
Few financial institutions have ended 2008 in a stronger position than they started it. But, thanks to strict investment rules, the Islamic banks in the Gulf Cooperation Council have coped better than most.
There are few winners emerging from the financial institutions sector although some like JP Morgan, BNP Paribas, Nomura and Bank of America are, relative to others, finishing the year in stronger positions than they started it.
But one group within the FIG sector is coping with the credit
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