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Private equity, Islamic finance, and sovereign wealth funds in the MENA region
Author(s) -
KarakeShalhoub Zeinab
Publication year - 2008
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/tie.20223
Subject(s) - leverage (statistics) , sovereign wealth fund , islamic finance , private equity , islam , equity (law) , financial system , private equity fund , subprime crisis , business , economics , sovereignty , finance , financial crisis , market economy , macroeconomics , geography , political science , archaeology , machine learning , politics , computer science , law , incentive
The Middle East and North Africa region has experienced a significant amount of activity in the past few years, despite the worldwide economic problems caused by the subprime crisis. A strong influx of petrodollar reserves, sustainable economic growth, limited reliance on leverage, and limited exposure to the global credit markets have kept the region relatively outside the economic mishaps overwhelming a number of economies, especially in the West. Shariah ‐compliant, Islamic private equity funds and the use of sovereign wealth funds as sources of private equity in the region are two important evolutionary developments to watch in the next few years. © 2008 Wiley Periodicals, Inc.