FINANCE - GENERAL - Islamic financial institutions to restructure debts

Mideast finance leaders anticipate reforms in the post global financial crisis climate with 66% believing the industry is under-regulated.

Dubai: Over half of the Middle East's Islamic finance institutions (IFIs) flagged a need for raising capital and are likely to restructure current Islamic debt over the next 12 months, according to Deloitte's Islamic Finance leaders survey in the Middle East, the results of which were released yesterday.