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HSBC unit to launch Islamic fund

Posted on 15 October 2010

From Gulf-daily-news.com: The Islamic unit of HSBC plans to grow internationally through the launch of the industry’s first Islamic exchange-traded fund (ETF) and by a further expansion into Bangladesh within the next six months.
In an interview, the unit’s deputy chief executive said its first Islamic ETF is expected to launch in the Gulf in the fourth quarter to address a growing demand among customers seeking exposure to the Middle East……………………………………….Full Article: Source

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