Re-established on a firm financial basis, the primary onus for sound operation must fall on the directors and management of the banks themselves. They must renew and reform their business models and culture to ensure that a recurrence of such a collapse becomes  4  BIS Review 157/2009  unthinkable.
But these complications are to a large extent shared with the conventional banking system. Keeping that balance will be beneficial to both Islamic investors and the European financial system. 6  Hasan, Maher; Dridi, Jemma: The Effects of the Global Crisis on Islamic and Conventional Banks: A Compartive Study, IMF Working Paper WP/10/201, Washington, 2010.