Tuesday, August 25, 2009

Gulf Finance House/Macquarie Joint Venture, Other News

Gulf Finance House and Macquarie signed a Memorandum of Understanding to establish a joint venture Islamic financial services platform. Macquarie may invest up to $100 million in the joint-venture and there are reports that it will be structured as a convertible murabaha and will be launched in the beginning of 2010. There is also a story from Australia that has a slightly different perspective from Macquarie's end.

Other News

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