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albawaba - 3 month ago

Islamic Banks Urged to Update Property Rules to Protect $1.3 Trillion Global Assets

Bahrain-based CIBAFI has called on regulators overseeing Islamic banking to revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, reported Reuters. The amended version of Basel III, finalised in December 2017, introduced additional requirements including concentration limits and independent asset valuations. © 2018 CPI Financial. All rights reserved.

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