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WIBC assesses impact of oil prices on Middle Eastern economies

Dec 06, 2015 - CPI Financial

Oil prices, one of the biggest macro forces affecting the growth and development of Islamic finance, was a critical discussion point on the final day of the World Islamic Banking Conference (WIBC).

Wall Street investment banker Dr. Hani Findakly of the Clinton Group shared his insights on the role of technology in promoting a "mirage" of commodity-driven growth. He emphasised that the Islamic institution of Awqaf constitutes a potentially huge source of funding for investments in the MENA...