19.10.2009 - A timely proposition
From Arabnews.com: Sovereign wealth funds (SWFs) may have had a limited exposure to the Islamic finance sector to date, but the launch of a new Islamic investment firm, Fajr Capital Ltd. in early October 2009, brings together the investments and ambitions of three such funds in one stroke. Khazanah Nasional Berhad (the investment arm of the Ministry of Finance in Malaysia), the Brunei Investment Agency (BIA) and the Abu Dhabi Investment Council (ADIC) have been joined by the private Saudi-based firm MASIC (The Mohammad & Abdullah Al-Subeaei Investment Co.), which is a member of the Al-Subeaei Group, as the main shareholders of Fajr Capital, which is based in the Dubai International Financial Centre (DIFC) and has offices in London and Kuala Lumpur..............Full Article: Source