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Kazakhstan’s first Islamic fund for pilgrimage starts

Posted on 10 June 2011

The first Islamic fund in Kazakhstan started today to lure capital from Muslims who plan to travel to Mecca, Saudi Arabia, for the Islamic pilgrimage.
The Hajj Fund, co-managed by AmanahRaya Capital Group Sdn Bhd, part of Amanah Raya Berhad, and Astana-based Fattan Finance, will be invested in portfolios that consist of properties, equities and other Shariah-compliant instruments mostly outside of Kazakhstan, said Ahmad Rodzi Pawanteh, group managing director of Kuala Lumpur-based Amanah Raya………………………………………..Full Article: Source

 
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