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Global offers real estate fund
- Kuwait: Monday, October 01 - 2007 at 16:12
Kuwait's Global Investment House has launched the Global Real Estate Ijarah Fund. The fund's size has been set at $300m and it will invest its capital in various types of properties, including commercial, residential and industrial, in the Mena region. The expected cash yield is approximately between 8% and 10%, which will be distributed on a quarterly basis; Al Rayah International Consulting and Training will act as the fund's shariah consultant.
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Jonathan Sheikh-Miller, Deputy EditorMonday, October 01 - 2007 at 16:12 UAE local time (GMT+4)
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