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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

Malaysia urges OIC members to invest in developing Muslim nations

Posted on 26 October 2010

From AhlulBayt News Agency: Malaysia urged members of the Organization of the Islamic Conference (OIC) Monday to invest in developing muslim nations by creating a sovereign wealth fund.

Malaysian Minister of Finance II Ahmad Husni Hanadzlah said in a press conference held here on the sidelines of the Islamic Finance Forum, that his country no longer sees western nations as a major investment destination. The sovereign wealth fund to be supervised by the Islamic Development Bank (IDB), aims at exploring the assets of OIC members, he explained…………………………………….Full Article: Source


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