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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

World’s first supra-sovereign wealth fund

Posted on 23 August 2010

Ahmad Husni HanadzlahFrom Americanchronicle.com: The Malaysian government’s call on the member countries of the Islamic Development Bank (IDB) to consider establishing “the world’s first supra-sovereign wealth fund” to invest in Muslim economies on the same returns expectations as for the SWF industry in general, merits serious discussion. The precedent involving the efficacy of intra-Arab funds however does not augur well for a Muslim supra-SWF.

The idea of a supra-sovereign wealth fund was suggested by Malaysian Finance Minister, Ahmad Husni Hanadzlah, at the 35th Annual Board of Governors Meeting of the IDB which was held a few weeks ago in Baku, Azerbaijan…………………………………….Full Article: Source


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