The first Islamic fund in Kazakhstan started today to lure capital from Muslims who plan to travel to Mecca, Saudi Arabia, for the Islamic pilgrimage.
The Hajj Fund, co-managed by AmanahRaya Capital Group Sdn Bhd, part of Amanah Raya Berhad, and Astana-based Fattan Finance, will be invested in portfolios that consist of properties, equities and other Shariah-compliant instruments mostly outside of Kazakhstan, said Ahmad Rodzi Pawanteh, group managing director of Kuala Lumpur-based Amanah Raya...............................................Full Article: Source
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