06.10.2010 - Bahrain clears Australian Islamic equity fund
From Gulfweeklyworldwide.com: The Central Bank of Bahrain has authorised formation and marketing of the Hyperion Australian Equity Islamic Fund, the first Sharia-compliant offshore fund comprised of the country's stocks. Investment manager for the fund is Hyperion Asset Management, a Brisbane-based, growth-style manager whose award-winning core investment team has worked together since 1997. Sharia advisors to the fund are Dr Mohammed Daud Bakar of Malaysia and Sheikh Nizam Yaquby of Bahrain..............................................Full Article: Source
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