12.09.2011 - "Islamic PE investors duped"
Islamic private equity has been a rip-off over the last 10 years, where: "much of it was fraudulent, or nearly so. Investors were duped. A lot of money was lost on one side, but gained unscrupulously on the other," so says John Sandwick, a Geneva-based Islamic wealth and asset management specialist. Sandwick thinks that the growth of Islamic private equity to a $50bn industry by the end of 2007 was a product of abundant cheap credit thrown around in the run up to the global financial collapse which led to the formation of a vast bubble..............................................Full Article: Source
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