14.12.2009 - Islamic finance in the Mediterranean gains momentum
From Arabnews.com: A number of Mediterranean Basin countries are promoting themselves as Islamic finance hubs in an effort to attract sukuk, trust and investment funds business. In Gibraltar, for instance, the first Shariah-compliant fund the CL Global Property Fund was launched in November 2009 with the aim of providing shareholders capital appreciation by investing in a diversified portfolio of real estate assets and projects, primarily student accommodation located in the major university cities of the United Kingdom....................................Full Article: Source
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