Islamic investors must expand out of real estate, says Bahraini central banker
Says it is critical for Islamic institutions to understand clients' needs
It is critical for Islamic financial institutions to better understand clients' needs for financial products and services, Abdul Rahman Al Baker, executive director of financial institutions supervision at the Central Bank of Bahrain, said yesterday in his keynote address at the Annual World Islamic Funds and Islamic Financial Markets Conference in Manama.
"For example, the investment of Islamic financial institutions should shift focus from key holdings constituting long-term assets with large
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