Financial crisis weighs on executives' minds

By Patrick M. Fitzgibbons

NEW YORK (Reuters) - The most serious financial crisis in decades has caused business executives and government officials around the world to rein in expectations for short- and long-term growth and warn that business volatility will be around for some time.

In a series of interviews with Reuters reporters, executives -- from industries as varied as a biotech startup to the biggest global mining company -- spoke of the widening global credit crisis and their many concerns.

Most said they were keeping a close eye on the global banking sector, as a number of governments said they would be willing to take stakes in banks, sending global stock markets soaring on Monday.

This is Reuters' sixth wrap-up of comments on the crisis.

Following are excerpts and highlights from interviews with executives on Sunday and Monday:

ABDULKADER THOMAS, CEO OF KUWAIT-BASED SHARIA ADVISORY FIRM SHAPE FINANCIAL

Islamic banks have been barely bruised by the global credit crisis so far, but the worst is yet to come as falling property and commodity prices and slowing economies start to hit the sector.

As the global economy buckles, credit lines tighten and consumer confidence crumbles, Islamic institutions -- which manage an estimated $1 trillion worldwide -- will not escape the pain that is plaguing conventional lenders in the West.