Islamic Investments in the Gulf
Interview with Suliman N. Al Qimlas, CEO Bayt Al Mal Investment. I believe 2010 will be a tough year globally and we will feel the pain from 2009. Kuwait and the Gulf economies are based on oil and if oil prices stay where they are (around $80 dollars per barrel) we will be in good shape that also means a good future for Islamic Investments in the Gulf. The next question is what will the government do with this money? We recently witnessed our economy shrink and 2010 is up to the moves made by the government and how they spend their money. If they circulate the money effectively we can expect some nice growth that will benefit Islamic Investments in the Gulf.