And finally, we need to intensify the reform of the euro area architecture to make it more resilient before the next recession. Many thanks for your attention. 3/3  BIS central bankers' speeches
By virtue of these characteristics Islamic finance offers prudent financing options being asset backed or equity based; particularly linkage of assets with financing ensures that transaction is less prone to debt crisis and funds are used for their prescribed purpose minimizing defaults resulting from improper use of borrowed funds.