Sunday 6 March 2011

Islamic finance chiefs wait to see big picture - The National

There was something of a pall over the Yas Marina Hotel last week, where industry figures had assembled to discuss what had been expected to be a bumper year for the Islamic finance industry.

The outbreak of political unrest in parts of the Mena region left financiers at the Global Financial Markets Islamic Forum in a difficult position.

Maturing debts for Gulf companies could total as much as US$70 billion (Dh257.11bn) this year, according to a recent research note from Standard Chartered.

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