The Rise and Fall of Gulf Finance House
AbstractThis paper dissects the balance sheet and business model of Gulf Finance, and scrutinizes the existence of a "pre-exit premium" in their activities – on top of the usual exit fees and/or performance fees. The study suggests that this practice (uncommon even for conventional Private Equity businesses – much less for an Islamic Private Equity house) was pioneered by GFH and it is this same practice that brought them down to their knees.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 27403.
Date of creation: 2010
Date of revision:
Islamic Banks; Private Equity; Premium; Islamic Finance; Shariah; sharia; sukuk; risk; default;
Find related papers by JEL classification:
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-12-18 (All new papers)
- NEP-ARA-2010-12-18 (MENA - Middle East & North Africa)
- NEP-CWA-2010-12-18 (Central & Western Asia)
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