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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