Shariah-Compliant Sovereign Wealth Funds Resume Investing in West
On August 17, 2009 · In Creeping Shariah, Da'Wah, Islamic Banking, Islamic Finance, Kuwait, Sharia Compliant, Shariah Banking, Shariah Finance, USA
Kuwait’s largest Shariah-Compliant bank, just announced that it inked a deal with Denver, Colorado-based UDR to invest $450 million to invest in high income residential real estate in the US. There is no word so far on what implications for properties are involved with Shariah-compliance or if zakat payments will be involved…
Meanwhile, Qatar has made a sizable investment in Porsche and Volkswagen.
http://dealbook.blogs.nytimes.com/2009/08/17/kuwaiti-islamic-bank-returns-to-investments-in-us/
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