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Islamic Finance Briefing - Categorized | Funds, Market Moves more

KFH establishes Shariah shipping fund via joint venture

Posted on 06 May 2009

From Bernama: Kuwait Finance House Labuan, a wholly-owned subsidiary of Kuwait Finance House (Malaysia) Bhd, has teamed up with SFS Group Public Company Ltd to establish a Shariah compliant shipping fund via a limited partnership before the year’s end.

In a joint statement here today, both companies said the target fund size is approximately US$150 million, to be managed by an equally-owned company acting as the general partner based in the Cayman Islands…….Full Article: Source

 
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