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The General Council for Islamic Banks and Financial Institutions (CIBAFI) said treatment of real estate across Islamic finance jurisdictions still reflected Basel II or pre-reform Basel III rules. (Shutterstock)
September 17th, 2018 - 07:46 GMT

Islamic Banks Urged to Update Property Rules to Protect $1.3 Trillion Global Assets

Bahrain-based CIBAFI has called on regulators overseeing Islamic banking to revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III.
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