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Sunday, November 29 - 2009

HSBC, new Islamic fund

  • United Arab Emirates: Sunday, November 30 - 2003 at 08:57

The new HSBC Amanah Dynamic Allocation Shield Fund allows fund managers to switch between equity and non-equity investments provided that they are Sharia compliant, and offers 90 per cent capital security at maturity in five years. There is also a free annual redemption facility.

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