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3iC $100m fund aims for women
- United Arab Emirates: Tuesday, January 30 - 2007 at 07:50
Investment firm 3iC Group has partnered with the Dubai Business Women Council to launch a $100m open ended shariah-compliant mutual fund called Enmaa, according to local media reports. Minimum investment is $1,000. The fund will invest in high growth equities and pre-IPOs in the Middle East and some international markets. Emirates Islamic Bank is the receiving bank, HSBC Middle East is custodian and administrator and Abu Dhabi-based The National Investor is portfolio manager.
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James McInerney, News EditorTuesday, January 30 - 2007 at 07:50 UAE local time (GMT+4)
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This article was updated on Sat Apr 14 2007.
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