VOL. XXXI

NO. 32

16-MAY-1988

Financial and Banking News

REGIONAL BANKING

Egypt's Islamic Investment Company Sector rocked by Scandals

A political maelstrom has been created by a series of scandals at Al RayanCompany for Investment and Finance, which has rocked the Islamic financialsector in Egypt and led to reports of disagreements within the EgyptianGovernment over how to deal with the Islamic companies. Amidst a barrage ofconflicting reports, the following appear to be the essential elements in...