A week ago, we reported that a sovereign wealth fund controlled by the ruler of Dubai, Dubai Investment Group, was vacating its stake in Malaysian Islamic Bank.

http://www.shariahfinancewatch.org/2009/10/01/a-developing-story-worth-watching-dubai-firm-rethinks-stake-in-malaysias-bank-islam/

Now, Malaysia’s sovereign wealth fund has stepped in to inject capital into the troubled bank…

“Malaysia’s state-run pilgrim fund will double its stake in Bank Islam to about 20 percent after taking up preference shares alloted to another shareholder, Dubai Group.”

http://uk.reuters.com/article/idUKKLR46887920091008?rpc=401&

 

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