Mar 5th 10 Posted by admin in Finance, Islamic Finance, the

Kuwait’s Investment Dar in Islamic wrangle with Blom Bank (Gulf Times)

Kuwait’s troubled shareholding company Investment Dar is refusing to pay Lebanon’s Blom Bank $10.7mn, saying that their original deal did not comply with Islamic law, in a move that could pressure the Islamic finance industry.

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Kuwait’s Investment Dar in Islamic wrangle with Blom Bank (Gulf Times)