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Islamic Finance Briefing - Categorized | Funds, New Launches more

NCB Capital launches new Shariah-compliant fund

Posted on 09 February 2010

From Arabnews.com: A US dollar-denominated, open-ended, Shariah-compliant fund was launched Monday in Riyadh by NCB Capital, the investment banking arm of National Commercial Bank (NCB), the largest commercial bank in the Kingdom.

Under the new ‘Sukuk and Murabaha Fund’, NCB Capital will invest in sukuk and Murabaha issued by highly rated companies and governments………………………………….Full Article: Source

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