The Rise and Fall of Gulf Finance House

Mohammed Khnifer ()

MPRA Paper from University Library of Munich, Germany

Abstract: This 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.

Keywords: Islamic Banks; Private Equity; Premium; Islamic Finance; Shariah; sharia; sukuk; risk; default (search for similar items in EconPapers)
JEL-codes: G24 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-ara and nep-cwa
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:27403

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