08.12.2009 - Prime Rate Capital launches shariah-compliant fund
From Civilsociety.co.uk: Fund manager Prime Rate Capital Management has launched its first shariah-compliant liquidity fund. The Islamic liquidity fund will offer a pooling mechanism that can be used for investment of overnight, call and short-term cash surpluses. It will invest in commodity Murabaha transactions and be made available in pounds, dollars or euros...................................Full Article: Source
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