Article

2010-05-25 Southeast Asia

Singapore Islamic Bank losing lots of money will refocus biz

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Posted by lord garth 2010-05-25 00:00|| || Front Page|| [1 views ] Top

#1 In Allan We Trust

Posted by Seafarious 2010-05-25 00:46|| 2010-05-25 00:46|| Front Page Top

#2 Any bank, Islamic or not, would have lost a pile money real estate lending in the ME over the last year or so.

And,

The bank had ... $453 million in payments due from non-bank customers.

Means $453M in late/overdue payments. Which would be roughly twice its assets (725M - 453M).

Not good. In fact, very bad. And DBS (which I'm familiar with) is probably the best regulated bank in Asia.

If DBS are fronting up with these kinds of numbers, there is a disaster out there.

Posted by phil_b 2010-05-25 03:53|| 2010-05-25 03:53|| Front Page Top

#3 If DBS are fronting up with these kinds of numbers, there is a disaster out there.

A disaster focussed exclusively on the Muslim world, more specifically on the moneyed Muslim world. How much love will their oil be able to buy them, afterward?

Posted by trailing wife 2010-05-25 07:00|| 2010-05-25 07:00|| Front Page Top

#4 How do these figures compare to those of NON-Islamic banks in the rest of the world?

Posted by Anguper Hupomosing9418 2010-05-25 07:14|| 2010-05-25 07:14|| Front Page Top

#5 Meanwhile, in China today SecTreas Geithner said, European leaders face the difficult challenge of trying to restore sustainability to an unsustainable system"

Posted by Anguper Hupomosing9418 2010-05-25 19:33|| 2010-05-25 19:33|| Front Page Top

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