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Wednesday, May 02, 2007

Are these Fundamental Islamic Businesses?

I am Exploring the Following Businesses

Kingdom Holding Company (KSA)

Kingdom Hotels Investments (KHI)
  • Canary Wharf (London),
  • Mövenpick Hotels & Resorts,
  • News Corporation,
  • LBCI (Lebanese Broadcasting Company International),
  • Danagas,
  • Samba Saudi American Bank.

3. Gulf Finance House (Bahrain)Banking & financeGulf

Finance House (GFH) is strictly dedicated to the international Islamic banking industry. The company was established on October 16, 1999 in the Kingdom of Bahrain, as an Islamic investment bank, and has a paid-up capital of US$65m, as well as an authorised capital of US$150m.

Last week, GFH outlined a new five-year growth strategy for the region - a plan that will surely build on GFH's outstanding progress over the last 12 months.

Net profit for 2006 was up 51% to US$212m, and the bank's assets stood at US$1.5bn at the close of the year. The bank's average return on equity was 41%, while return on paid-up capital was almost 100%, and the board of directors was able to approve a dividend payout of US$159.5m - 75% of the stated value of the paid-up capital.

Global Investment House (Kuwait)

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