Dubai's Algebra, Elaf Bank launch $100 Islamic fund
Reuters UK - UK
Dubai-based fund manager Algebra Capital and Bahrain's Elaf Bank launched on Sunday an Islamic-compliant fund with an initial size of $100 million (57 million pounds) to invest in securities in the Middle East, North Africa and Asia. The Sukuk Fund is an open-ended vehicle offering returns above 8 percent but will target an initial size of $100 million. ...
Reuters UK - UK
Dubai-based fund manager Algebra Capital and Bahrain's Elaf Bank launched on Sunday an Islamic-compliant fund with an initial size of $100 million (57 million pounds) to invest in securities in the Middle East, North Africa and Asia. The Sukuk Fund is an open-ended vehicle offering returns above 8 percent but will target an initial size of $100 million. ...
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