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New Islamic fund targets SE Asian property

Posted on 02 December 2008

From Property-report.com: Asian Finance Bank, one of three foreign Islamic lenders in Malaysia, is launching a US$500 million fund to invest in real estate projects in Southeast Asia, according to the bank’s vice president for asset management Mohd Zamri Shariff.

The bank, owned by Qatar Islamic Bank, RUSD Investment Bank Inc. of Saudi Arabia and Global Investment House of Kuwait, has indicated it will invest in budget hotels in Malaysia, Thailand, the Philippines and Indonesia….. Full Article: Source

 
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