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Qatar Islamic Bank to raise $200 mln European Sukuk Fund

Posted on 30 March 2009

From Bloomberg: Qatar Islamic Bank SAQ, the Gulf state’s biggest lender complying with Muslim banking rules, is seeking to raise $200 million for a Europe-based fund that will invest in Islamic bonds, known as sukuk.

The EFH Global Sukuk Plus Fund will be operated by QIB’s European Finance House Ltd. unit in London, and managed by Aleksandar Devic, a former Lehman Brothers Holdings Inc. credit analyst. ….Full Article: Source

 
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