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Islamic Finance Briefing - Categorized | Funds, Insurance (Takaful), New Launches more

Dubai’s Takaful Emarat starts equity fund, CEO Marrouche says

Posted on 06 March 2012

Takaful Emarat - Insurance P.S.C., a Dubai-based Shariah-compliant life and health insurance company, started a 20 million Saudi riyal ($5.3 million) equity fund, Chief Executive Officer Ghassan Marrouche said.
“It’s a global equity investment fund that protects 90 percent of the capital,” he said in an interview in Dubai. “The expected annual rate of return is between 3 to 5 percent.” The fund is managed by Riyad Capital, Marrouche said………………………………………..Full Article: Source

 
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