A week ago, we reported that a sovereign wealth fund controlled by the ruler of Dubai, Dubai Investment Group, was vacating its stake in Malaysian Islamic Bank.
Now, Malaysia’s sovereign wealth fund has stepped in to inject capital into the troubled bank…
“Malaysia’s state-run pilgrim fund will double its stake in Bank Islam to about 20 percent after taking up preference shares alloted to another shareholder, Dubai Group.”
http://uk.reuters.com/article/idUKKLR46887920091008?rpc=401&
