Financial and Banking News
New Crisis Hits Egyptian Islamic Investment Sector
The largest and most controversial of Egypt's Islamic investment companies,Al Rayan, has triggered a fresh crisis in the country by announcing that it haschosen to liquidate its activities inside Egypt rather than comply with the newDeposit Taking Company law introduced this summer (MEES, 13 June). When the lawwas passed on 10 June, existing investment companies were given...
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