Islamic Finance
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Profit Shortfall Slows Shariah Bank Expansion
Islamic banks say their small scale and a lack of risk-management products makes it harder for them to compete, after Ernst & Young LLP warned lower profitability threatens to slow expansion of the $1.8 trillion industry. The average return on equity at Shariah-compliant lenders was 11.6 percent in 2011, compared…
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Click here to read the full story: Bloomberg