05.08.2009 - Stanlib freezes Islamic expansion-manager
From Reuters: South Africa's third largest fund management company, Stanlib, has put on hold plans to launch a global equity Islamic fund, Ashraf Mohamed, manager of the Stanlib Shari'ah Equity Fund told Reuters. Mohamed, the only Islamic finance manager within the company, said he had left the company at the end of June after the plan was put on hold. He joined Stanlib in 2007 to help set up the its Islamic equity offering...........Full Article: Source