| From 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 |