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Islamic Finance Briefing - Categorized | Funds, New Launches more

Mashreq Capital to set up $ 100mln Islamic equity fund

Posted on 25 April 2013

Dubai-based Mashreq Capital plans to set up an Islamic equity fund of up to $ 100 million in the third quarter of this year to invest in stocks across the Gulf region, given lower returns in the bond market, the company’s chief executive said.
“We think there is demand in high-dividend sharia equities,” particularly with interest rates currently very low, Abdul Kadir Hussain said at Zawya’s MENA Asset Management conference in Dubai.“Equities have very attractive yields in this region,” he added………………………………………..Full Article: Source

 
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