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Mideast Investors Increasingly Buying into U.S. Firms

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Mideast Investors Increasingly Buying into U.S. Firms

Business

Mideast Investors Increasingly Buying into U.S. Firms

Mideast Investors Increasingly Buying into U.S. Firms

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  • <iframe src="https://www.npr.org/player/embed/4513024/4513025" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

One of the world's leading Islamic banks has invested billions of dollars in familiar U.S. companies. The First Islamic Bank of Bahrain owns controlling stakes in discount department store Loehmann's and Church's Chicken. The deals have been made in adherence with Islamic rules against earning interest. Such sophisticated investment vehicles are helping Muslim investors accumulate assets outside of the Middle East.