06.03.2013 - Falcon private bank to launch fund to invest in sukuk
Falcon Private Bank, a Swiss private bank owned by Abu Dhabi’s Aabar Investments, is planning to launch a fund early next month that will invest in global Islamic bonds, or sukuk. The fund will be offered to the bank’s clients and could grow to $500 million, Zafar Khan, Falcon’s Mena chief executive, said on Tuesday. “We already have substantial demand from our clients” for global sukuk investments, Khan said, adding that debt that complies with Islam’s prohibition on charging or paying interest was set to take off...............................................Full Article: Source
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