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Al Hilal Bank launches new GCC equity fund

Posted on 14 February 2011

From Ameinfo.com: Al Hilal Bank, one of the UAE’s leading Islamic banks, has today announced the launch of the Al Hilal GCC Equity Fund, a Sharia-compliant investment fund that will provide retail investors with access to the Gulf’s equities markets.
The open-ended fund will invest in publicly traded stocks of companies that meet strict Sharia law criteria. Al Hilal Bank believes that GCC equity markets offer significant opportunities for investors due to the long-term economic growth potential of the region, coupled with the attractive current valuations of its markets……………………………………….Full Article: Source

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