Islamic finance awards: Most innovative deal
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Islamic finance awards: Most innovative deal

Most innovative deal
GIH restructuring

Bigger portions of Islamic finance were to follow in restructurings after that of Kuwait’s Global Investment House (GIH). The multi-billion-dollar restructuring of Kuwait’s The Investment Dar (TID) is one example. Unlike GIH, TID is a wholly Islamic institution. In the Middle East, though, GIH was the first to complete its restructuring, roughly a year after its default in December 2008.