Banking behind the veil

Article Abstract:

Islamic banking is a financial system based on the sharing of risk and profit between the financial institution and customer. Islamic banking aims to avoid the financial troubles of Western banks. Pakistan has changed its financial laws to follow the practice of Islamic banking.

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Can't pay, won't pay

Article Abstract:

The settlements and payments systems of banks handle up to $6 trillion everyday, which creates a huge credit risk for banks. Another danger is the extremely complex network of financial flows and credit interdependencies. Measures that would lessen these risks are discussed.

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Plugging the holes in Nordic banks

Article Abstract:

Scandinavian countries have already paid over $16 billion to support banks which would otherwise fail. The reasons for the banking crisis in Sweden, Norway and Finland and the costs of the bailout and possible future problems are analysed.

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