01.11.2010 - Lower asset prices lure Shariah funds
From Gulf-times.com: Islamic private equity funds in the Arabian Gulf plan to take advantage of lower asset prices after the property market in Dubai tumbled as much as 50% from its peak in 2008. “We want to take advantage of massive dislocations that have taken place in this market over the past three years,” Yahya Jalil, director of private equity at Abu Dhabi-based investment and advisory company The National Investor, said in an interview on October 18. “We have gotten over that hump in the cycle when there were a lot of liquidity constraints.”..........................................Full Article: Source
Print