Abstract
Islamic banking has been seriously effected by the financial crisis of 2007- 2010. The impending collapse of financial institutions in the Gulf, specially in Dubai and the growing threat of sovereign debt repudiation and default by oil exporting countries has had a particularly severe impact on global Islamic finance growth. Forecasts for Islamic finance transactions have been revised downwards several times during 2009 and riskiness and illiquidity of leading Islamic finance institution are perceived as having increased due to the growing instability of the Gulf economies.
Highlights
Meezan Bank’s Guide to Islamic Banking by Muhammad Imran Ashraf Usmani Published by Daruel Isha’at Karachi
Islamic banking has been seriously effected by the financial crisis of 20072010
Forecasts for Islamic finance transactions have been revised downwards several times during 2009 and riskiness and illiquidity of leading Islamic finance institution are perceived as having increased due to the growing instability of the Gulf economies
Summary
Book Review of: Meezan Bank’s Guide to Islamic Banking by Muhammad Imran Ashraf Usmani Follow this and additional works at: https://ir.iba.edu.pk/businessreview Part of the Finance and Financial Management Commons.
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