From Gulf-times.com: Private equity is falling behind other rival asset classes in the Middle East in the competition to attract Islamic money. Head of Middle East structuring at Deutsche Bank Hussein A Hassan says many Islamic banks won’t commit capital due to the long-term and illiquid nature of many of the region’s private equity funds and their levels of debt liability.
“Islamic banks cannot invest in private equity funds in a meaningful way even though private equity is as close as one can get to pure or real Islamic finance,” said Hassan……………………………………Full Article: Source