Islamic finance

April 16, 2018


Islamic banks face uneven impact from correspondent banking decline -industry group

An industry body for Islamic banks has warned of uneven impact from a decline in correspondent banking, reinforcing concerns that small lenders in developing economies will be most affected from “de-risking” by international lenders.

The Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) raised the issue in a letter to the Financial Stability Board, which coordinates financial regulation for the Group"...

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