23.08.2010 - Middle East private equity fails to attract Islamic funds
From Gulf-times.com: Private equity is falling behind other rival asset classes in the Middle East in the competition to attract Islamic money. Head of Middle East structuring at Deutsche Bank Hussein A Hassan says many Islamic banks won’t commit capital due to the long-term and illiquid nature of many of the region’s private equity funds and their levels of debt liability. “Islamic banks cannot invest in private equity funds in a meaningful way even though private equity is as close as one can get to pure or real Islamic finance,” said Hassan..........................................Full Article: Source
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