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Islamic Finance Briefing - Categorized | Banking, Performance more

Islamic bank loses millions in NZ investment

Posted on 23 October 2009

From Nzherald.co.nz: An Islamic bank has been burned by tens of millions of dollars from its investment in one of New Zealand’s most iconic brands.

It has been revealed the Bahrain-based Kuwait Finance House was owed more than $54 million when it decided to pull the plug on Canterbury Clothing’s European operations earlier this year…………………….Full Article: Source

 
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