The purpose of such a review is to ensure that effective risk mitigants and sound internal controls are in place for managing such exposures. Some reflections From the above discussion, it is clear that the Impact on India would depend on the pace and extent of currency and current account readjustments, and changes in global interest rates.
Islamic banking is a multi-billion dollar industry in global and national finance. It also happens to be growing at a very rapid pace. In the midst of financial and economic crisis, the IFSB brings to us the principles and practices of Islamic banking and the management of capital markets.