Balancing these different stake holder interests, requires the adoption of strong corporate governance practices, and the standards developed both by AAOIFI and by the Islamic Financial Services Board, are vital components of the solution. To conclude, although the Islamic financial services industry has been insulated to-date from the effects of the global financial crisis, there are many lessons that Shari’a compliant institutions can learn.
The ECB’s recent monetary policy decisions In the light of this economic outlook, at our monetary policy meeting in October, we decided to recalibrate our monetary policy instruments.