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The islamic finance and banking. Expert: It’s tough for Islamic banks too. March 2, 2009 at 4:14 am · Filed under Islamic Banking. 183;Tagged Islamic Finance. Expert: It’s tough for Islamic banks too. By Chong Pooi Koon. The industry saw strong growth in 2007 despite the start of the subprime crisis and was still expanding fast until the summer last year, when the credit crunch began to take its toll. On the other hand, some big financial institutions from the UK and the US, which entered the market four...
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