20.12.2012 - Cocoa to rice woos Kuwait to Asia’s $2 trillion: Islamic finance
Kuwait China Investment Co. (KCIC), part owned by the Persian Gulf nation’s sovereign-wealth fund, wants to tap what it says is Asia’s $2 trillion trade finance market with an Islamic fund to give commodity producers access to cash. The fund, set up this month with Singapore-based EuroFin Asia Group, will help fill a gap left by European banks that scaled back their business in Asia, Managing Director Ahmad al- Hamad said in an interview. Producers and traders of agricultural and energy products in India, Singapore, Malaysia, Indonesia and Thailand can draw on the facility, he said...............................................Full Article: Source
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