NBK launches Islamic securities fund
- Kuwait: Monday, March 24 - 2008 at 12:46
The National Bank of Kuwait (NBK) is launching the Islamic Global Real Estate Securities Fund, which it claims is the first fund of its kind in the Middle East. The fund enables clients to invest in diversified Shariah-compliant global real estate securities. Two portfolios are available, with a minimum initial subscription of $250,000. The fund is open-ended with monthly subscriptions and redemptions.
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