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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:
- Al Bawaba
- Article date:
- June 1, 2008
CopyrightCopyright 2008 Al Bawaba. Provided by ProQuest LLC. (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 & North Africa ...