Friday, January 08, 2010

Friday bullets

  • An executive of Kuwait Finance House told Al Arabiya that the bank will launch a $250 million investment fund focusing on Canada.
  • An article, not focused on Islamic finance, describes the pitfalls facing Dubai in the coming months after the recent debt crisis.
  • Islamic banks in Yemen are mismanaged, according to an economist. The economist, Ali Al-Wafi, described, "Unfortunately, in spite of attracting capital, the Islamic banks in Yemen could not manage the capital collected efficiently [...] the main problem of capital management, restricting the performance of Islamic banks in Yemen, is that administrations of these banks monopolize the use of the capital and divert it for investing only in the businesses of certain privileged segments of the society."

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