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Qatar opens $400m Islamic fund
- Qatar: Thursday, October 13 - 2005 at 10:06
Qatar has launched the country's first Islamic mutual fund, which will eventually be listed on the local exchange. The Al Basha'er Equity Fund is targeting capital of $400m and promoters include Qatar Islamic Bank, Gulf Finance House, and Kuwait Finance and Investment Company. The minimum initial subscription is $10,000.
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James McInerney, News EditorThursday, October 13 - 2005 at 10:06 UAE local time (GMT+4)
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