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Algebra, Elaf in Sukuk fund tie up
- United Arab Emirates: Monday, September 08 - 2008 at 09:00
Algebra Capital and Elaf Bank have launched an open ended fund, The Sukuk Fund, targeting an initial size of $100m and returns above 8%. The fund will provide exposure to Shariah-compliant securities issued in the MENASIA region. The fund was seeded by Elaf Bank and managed by Algebra Capital. Elaf Bank will also serve in an advisory capacity on the Fund's Investment Committee.
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Medilyn Manibo, Assistant News EditorMonday, September 08 - 2008 at 09:00 UAE local time (GMT+4)
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