Bahrain’s Al-Maraj calls for new Islamic finance business model
Rasheed Al-Maraj, the governor of the Central Bank of Bahrain, on Tuesday said Islamic finance business models would need to be revised as a result of the changing financial environment.
At the 17th World Islamic Banking Conference in Manama, Al-Maraj said Islamic financial institutions "will need to build a more broadly-based franchise than in the past." He added: " It is very likely that there will be less scope in future for smaller niche players that provide only a limited range of services
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