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Korea looks to Islamic investments

Posted on 20 November 2009

From Joongang Daily: Korean companies such as GS Caltex Corp. and Hyundai Motor Co. will be able to sell Islamic bonds as economic growth picks up and ties with the Middle East improve, according to Citigroup Inc.

“With early signs of an economic revival in Asia and the Middle East, Korea’s move to position itself as an investment opportunity for Islamic investors is timely,” Mudassir Amray, the U.S. bank’s head of Islamic banking, said at a conference in Seoul yesterday. “Islamic funds are looking for diversification in their portfolios.”…………………….Full Article: Source

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