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EIIB, Islamic real estate fund
- Bahrain: Sunday, December 10 - 2006 at 15:46
The European Islamic Investment Bank has launched the EIIB Pan-European Islamic Real Estate Fund, which is structured as a tax-efficient shariah compliant fund which will directly purchase commercial real estate assets in the office, retail and industrial sectors in and around major cities in Europe. The fund, with a target size of up to $660m, is closed-end with a fixed term of five years plus up to two years wind-down.
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