VOL. XXXI
NO. 16
25-JANUARY-1988
Financial and Banking News
REGIONAL BANKING
Islamic Investment Company Collapses in Egypt
Al Hilal Investment Company, one of Egypt's smaller Islamic investmentcompanies, has collapsed and its manager has disappeared with some E20mn($9.1mn) of the depositors' funds, while according to some reports the company'sdirectors are now trying to save Al Hilal and repay depositors. Like otherIslamic investment companies, Al Hilal accepts deposits from the public on a...
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