Islamic Finance News Portal – Bringing you the latest updates in global Shariah finance

Watch out for news alert!

Posts Tagged ‘Asian Finance Bank

Malaysia Asian Finance plans aviation, property funds

leave a comment »

Points of Essence:

  • An aviation and property fund worth RM 1.5 billion will be created by the Malaysian based Asian Finance Bank to provide for alternative assets given the global financial crisis. The funds will be denominated in dirham or euro currencies.

KUALA LUMPUR, Oct 24 (Reuters) – Malaysian Islamic lender Asian Finance Bank will set up aviation and property funds with over 1.5 billion ringgit ($420 million), aiming to capitalise on demand for alternative assets amid the global financial crisis.

Read the rest of this entry »

Advertisements

Written by Suapi Shaffaii

October 24, 2008 at 2:59 pm

Malaysia sharia bank launches fund, sees opportunity

leave a comment »

Points of Essence:

  • Malaysian based Asian Finance Bank is appointed a distributor for RM 1 billion fund to to market the ASEAN Sharia Governance Fund in GCC countries. Gulf investors are expected to take up half of the fund and the rest by Malaysian investors.

KUALA LUMPUR, Oct 23 (Reuters) – Malaysian Islamic lender Asian Finance Bank launched a 1 billion ringgit ($282.2 million) Islamic fund on Thursday, saying the global downturn presented an opportunity for investors to buy assets on the cheap.

Read the rest of this entry »

Written by Suapi Shaffaii

October 23, 2008 at 10:20 pm