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Islamic finance in the Mediterranean gains momentum

Posted on 14 December 2009

From Arabnews.com: A number of Mediterranean Basin countries are promoting themselves as Islamic finance hubs in an effort to attract sukuk, trust and investment funds business.
In Gibraltar, for instance, the first Shariah-compliant fund — the CL Global Property Fund — was launched in November 2009 with the aim of providing shareholders capital appreciation by investing in a diversified portfolio of real estate assets and projects, primarily student accommodation located in the major university cities of the United Kingdom………………………………Full Article: Source

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