IslamicFinance.de

In Chicago's South Asian community there are three people who defrauded hundreds of Muslim investors out of $30 million.
One of the suspects is a taxi driver turned businessman. His name is Salman Ibrahim and he is thought to be abroad, possibly in his native Pakistan.
One alleged victim, Fazal Mahmood, said he lost more than $200,000 . Part of that money was for putting his two daughters through college.
The other two men indicted were Mohammad Akbar Zahid, 59, who investigators believe also fled the U.S., and Amjed Mahmood, 47, of Des Plains, a Chicago suburb.
Ibrahim and Zahid face bank fraud and other charges, while Amjed Mahmood is charged with conspiracy to commit mail, wire and bank fraud. Each fraud count carries a maximum penalty of 30 years in prison.

The International Real Estate Department Manager at Kuwait Finance House (KFH) Ali Al-Ghannam said that investing in the field of international real estate is one of the KFH’s fruitful fields of business, since many global markets were affected by the global economic crisis in various fields, such as credit, but the value of their real estate were not affected in general and continued to achieve rewarding revenues to their owners.
Al-Ghannam, who made the previous statements during his participation in the annual meeting of the Association of Foreign Investors in Real Estate (AFIRE) in Chicago, stated that KFH’s continuously growing international real estate portfolio manages assets worth $1.5 billion.

Northern Trust announced that it has enhanced its investment compliance monitoring capabilities for institutional asset servicing and wealth management clients globally, by expanding the range of environmental, social and governance (ESG) factors monitored by Northern Trust Compliance Analyst® to help clients meet responsible investing goals.

Compliance Analyst is a customizable, Web-based tool that alerts investors when portfolios are nearing or have breached established limits in a client's investment policy. In addition to corporate governance rankings and the 10 socially responsible investment restrictions currently available on Compliance Analyst, Northern Trust has extended its agreement with RiskMetrics Group to offer additional screening capabilities that cover the following issues:

Prohibited Nations according to US legislation or government, Shari'ah Law, Landmines and Cluster Bombs, Animal Testing/Welfare

For more information, visit http://www.northerntrust.com.

Source: Northern Trust, http://biz.yahoo.com/prnews/080318/aqtu043.html?.v=54