1. Let me first extend a warm welcome to our overseas friends and thank the organisers for inviting me here today. I am glad to have this opportunity to meet with so many industry experts and practitioners in Islamic Finance in one place.
Impact of Financial Crisis of 2008 on Islamic Finance
2. These past twelve months have been extremely challenging for the financial industry, to say the least. When this forum was last held in April 2008, JP Morgan had just announced that it was acquiring Bear Stearns. Who could have known then the chain of events to follow? Since then, we have witnessed dramatic changes to the financial landscape. Many large financial institutions such as Lehman Brothers and Washington Mutual have failed or been taken over...Read More
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