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Shuaa gets Saudi CMA approval for 3 funds

Posted on 18 November 2009

From Tradearabia.com: Saudi Arabia’s Capital Market Authority (CMA) has licensed three Shuaa funds in the Saudi market; the SCSA Morabaha Fund; SCSA Saudi Gateway Fund; and SCSA Saudi Islamic Gateway Fund.

The three funds will take a conservative approach to investment and will focus on listed Shariah compliant and conventional Saudi stocks as well as IPOs…………Full Article: Source

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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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