Monday, July 7, 2008

RBC Plans to Enter Islamic Finance Market

The Globe and Mail, Sonia Verma, 7 July 2008When Ford Motor Co. sold the iconic British Aston Martin luxury car maker to a consortium led by British racing entrepreneur David Richards last year, the deal hinged on some unusual conditions.Mr. Richards' Kuwaiti partners, Investment Dar and Adeem Investment, would only back the $848-million (U.S.) deal if it were done according to Islamic principals

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