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Qatar Islamic Malaysia unit plans $150 mln funds in Asia

Posted on 26 January 2010

From Businessweek.com: Asian Finance Bank, the Malaysian unit of Qatar’s biggest Islamic bank, plans to start funds worth at least $150 million to invest in Asia to benefit from economic expansion in the region.

The bank, 70 percent owned by Qatar Islamic Bank SAQ, will start a $100 million fund to invest in environmentally-friendly projects, another 100 million ringgit ($29 million) for a retail project in Kuala Lumpur and an aviation fund to invest in aircraft purchases, Chief Executive Officer Mohamed Azahari Kamil said in a telephone interview in Kuala Lumpur today………………….Full Article: Source

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