VOL. XXXII

NO. 12/13

26-DEC-1988/2 JAN1989

Financial and Banking News

REGIONAL BANKING

Egyptian Regulators Face Auditing Problems with Islamic Companies

The Egyptian regulatory authority charged with divining the future forthousands of depositors in Islamic investment companies from the entrails of the130 companies which have so far been identified in this chaotic sector is facingsevere difficulties in determining the precise status of the bulk of thedeposits. The Capital Markets Authority (CMA)...