Globe and Mail (Toronto)--For the consortium led by U.K. racing entrepreneur David Richards to acquire Aston Martin from Ford Motor, the consortium's partners, Investment Dar and Adeem Investment, both of Kuwait, required the deal to be done according to Islamic principles. The $848 million deal highlights the growing influence of Islamic finance in the Western world. A new wave of Islamic banks is looking to the West while Western banks are offering Islamic finance services.
Tuesday, July 8, 2008
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