VOL. XXXII
NO. 6
14-NOVEMBER-1988
Financial and Banking News
REGIONAL BANKING
Egyptian Government Cracks Down on Islamic Companies
The crisis facing Egypt's Islamic investment companies reached boiling pointlast week with the expiry of the deadline by which all application for approvalby the Capital Markets Authority (CMA) to continue in business or wind upoperations had to be submitted. At the epicenter of the crisis is the country'slargest Islamic investment company, Al Rayan, which last week had...
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