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Shuaa, new Islamic fund
- United Arab Emirates: Saturday, September 09 - 2006 at 16:02
Shuaa Asset Management has launched the Arab Islamic Gateway Fund, its first Islamic product; the fund will invest in equities listed on Arab stock markets in the GCC, North Africa and the Levant according to shariah principles. The fund will have monthly liquidity and the minimum subscription amount is $50,000. It is open to both local and foreign investors and the closing date for subscription is September 25.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, September 09 - 2006 at 16:02 UAE local time (GMT+4)
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This article was updated on Wed Mar 28 2007.
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