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Article: Fajr Capital launch new Islamic investment company.
- Article from:
- CPI Financial
- Article date:
- October 6, 2009
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With initial funding of approximately $600 million and access to further capital, the firm brings together a diverse set of shareholders, including the sovereign investment bodies Khazanah Nasional Berhad of Malaysia, Brunei Investment Agency and Abu Dhabi Investment Council, and the private Saudi-based firm MASIC (a member of the Al Subeaei Group). The Board of Directors is chaired by Sheikh Ebrahim Bin Khalifa Al-Khalifa, Chairman of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and a long-time patron of the Islamic financial services industry.
Iqbal Khan, formerly the founding Chief Executive Officer of HSBC Amanah, is ...