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Western players need lessons in Islamic finance

Posted on 01 April 2010

From Business24-7.ae: A new report from Citi Private Bank (CPB) exposes the need for many Western real estate players to become more adept at dealing with Islamic finance procedures.

The bank says its assets under management across all property classes expanded from $423 billion (Dh1.55 trillion) in 400 funds in 2003-2004 to $41 in 700 funds in 2007-2008 – the figure which has remained more orless constant since then, thanks to the downturn in global markets……………………………….Full Article: Source

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