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Kuwaiti firm to invest in UK |
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Written by Islamic Times
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Thursday, 06 September 2007 |
Kuwaiti Islamic investment firm Adeem Investment Co, which
bought into luxury carmaker Aston Martin earlier this year, has announced that plans are in place to set up an
investment bank in the United Kingdom.
Adeem Investment was part of a group that bought luxury British car maker Aston Martin
for 479 million pounds in March and owns a 32 percent stake in UK real estate
agent and development investor Park Lane Properties.
The lender is "negotiating with a strategic
British partner to set up a bank to become the gateway for Gulf investments in
Britain and Europe" according to leaked sources, but the partner's details were not given.
Britain is home to 1.8 million Muslims and the government said in April it
wanted to turn London into a centre for Islamic finance.
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Last Updated ( Thursday, 31 January 2008 )
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