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Islamic Finance Briefing - Categorized | Funds, Investment, Performance more

Sweden: Sharia fund not attracting customers

Posted on 05 May 2009

From Blogspot.com: The first Sharia fund in Sweden was launched last August. Avanza Bank introduced the fund to its customers. But since then success failed to materialize. Only twelve customers saved in total 40,000 kroner in the fund.

“That so few of the country’s 300,000 Muslims came to the fund must be disappointing. Now, not all people are interested in saving, but 10-20 percent of them should have come to the fund within several years,” says Claes Hemberg, spokesperson for Avanza Bank…….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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