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Islamic FinanceJune 1 2011

Islamic banks eye corporate SME space

While Islamic financial institutions have been active in offering retail products and investment banking services, regular corporate banking has tended to fall through the gaps. Now banks are correcting the balance to capture a wider client base, particularly small and medium-sized enterprises.
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Islamic banks eye corporate SME space Two-thirds of BLME's assets are from corporate business

As the Islamic banking space matures, sharia-compliant financial institutions are eyeing every opportunity to go mainstream and transform their service offering, from one that is still largely geared to the retail space, to one that targets a much wider spectrum of clients.

Corporate banking has come into focus as a significant line of business, particularly the small and medium-sized enterprise (SME) sector, which serves as the world economy’s major growth engine.

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