The increasing desire of Gulf investors to put their money into Shariah-compliant investments and record levels of wealth in the region, mean that business is booming for Islamic financial institutions looking to channel regional funds into European and US asset acquisitions.
Better-than-expected performance has led Bahrain-based Noriba, a wholly owned subsidiary of the UBS Group, to exit some of its real estate investments ahead of schedule. In October 2005, the firm exited its Noriba UK Commercial Property I deal, providing investors with an internal rate of return of 17.72%
Thanks for your interest in Euromoney!
To unlock this article:
