12.03.2009 - Slew of Shariah infrastructure funds to offer 18% returns
From Zawya.com: Regional fund managers expect the emergence of several new Shariah-compliant funds focused on infrastructure projects, which offer returns in the range of 15 to 18 per cent. Mark Lemmon, CEO of The Mena Infrastructure Fund, said: "We see opportunities in basic infrastructure projects. That has become more evident as countries become less dependent on hydrocarbons for running their economy. Several Gulf countries in the region have set a vision for the next several years. And they are not expected to move away from them during the economic downturn.".... Full Article: Source
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