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Article: Islamic International Arab Bank and AB Invest launch two Sharia'ah compliant funds focused on the MENA region.
- Article from:
- Albawaba.com
- Article date:
- June 1, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Islamic International Arab Bank (IIAB) has sponsored & launched two new Sharia'a compliant funds, the IIAB Islamic Mena Fund and the IIAB Sukuk and Murbaha MENA Fund. The Investment Manager/ Investment Advisor to both these funds is Al Arabi Investment Group Co. Ltd (AB Invest). The IIAB MENA Fund is an open ended investment vehicle, incorporated and registered in the Kingdom of Bahrain, subject to the rules and regulations of the Central Bank of Bahrain. IIAB has sponsored the Fund with US$5 Million. The Fund's objective is to achieve long-term capital appreciation through investing predominantly in a diversified basket of listed and unlisted equities in the Middle East ...
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