Thu, Apr 17, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Funds, Market Moves more

Turkey’s first Islamic fund to open after new index

Posted on 26 January 2011

From Hurriyetdailynews.com: Turkey’s first investment fund to comply with Islamic rules will start this year following the creation of a Sharia-compliant share index on the country’s main stock exchange. Bizim Securities, an Istanbul-based brokerage whose parent company Boydak Holding owns shares in companies including an Islamic bank, will seek to raise an initial 100 million Turkish Liras ($64 million) to start investing in the second half of this year, said Deputy Chief Executive Avşar Sungurlu.
The fund will track the Participation Index, which opened on Jan. 6 at the Istanbul Stock Exchange, Sungurlu said in an interview……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930