THE National Australia Bank will spend around $35 million for an interest in what is likely to become the world's first listed industrial property trust compliant with Islamic Shariah law...
Ahmed Fahour, the head of NAB's Australian business, is a Muslim. The bank has attempted to build bridges with the Islamic community by operating a $25,000 postgraduate scholarship in Islamic finance, which is named after Australia's Islamic spiritual leader, Sheik Fehmi Naji al-imam.
NAB to pay $35m for stake in sharia property trust
August 09, 2008
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