VOL. XXXII
NO. 41
17-JULY-1989
Financial and Banking News
REGIONAL BANKING
CMA Approves New Status for Egyptian Islamic Company
The Capital Markets Authority (CMA) of Egypt has approved the application ofthe al-Sharif Company for Economic Development to operate under the DepositTaking Companies Law 146, which was issued in June 1988. The company has become the first Islamic investment venture to change its status, and is shortlyexpected to issue "investment deeds" for all its depositors.
According...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!