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Islamic Finance Briefing - Categorized | Funds, New Launches more

HSBC Saudi Arabia launches new fund

Posted on 19 September 2011

HSBC Saudi Arabia has launched its new HSBC Amanah Commodity Index Fund. The objective of this open-ended Shariah compliant fund over the long term is capital growth by investing in commodities in a Shariah compliant manner, whereby the fund will track the performance of a commodity index.

Commodities are raw materials used for creating products from petroleum to household items……………………………………….Full Article: Source

 
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