KIA turns down Shariah-Compliant Entity proposal

Posted on 09/01/2010

The Kuwait Investment Authority (KIA) has turned down a proposal from their parliamentary.  The proposal was to create a Shariah-Compliant entity to invest in small projects.  The entity would be run by Kuwaiti nationals. The KIA responded that it has already been involved with similar transactions/business for a long time and that this entity would […]