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Posts Tagged ‘Islamic Fund

BLME Plans Three Islamic Funds This Year

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Points of Essence:

  • BLME will roll out fixed income, distressed real-estate assets and equities funds this year targetting the HNW individuals and families from the Middle East. Khaleej Times has the report.

DUBAI – Bank of London and the Middle East, or BLME, plans to launch at least three funds in 2009 targeting fixed income, distressed real-estate assets and equities, a bank executive said on Thursday.

The Shariah-compliant lender, which was launched in July 2007, has completed preparation for a US dollar based fixed income fund, a UK real estate distressed assets fund and an equities fund, Adrian Gayler, the newly appointed head of private banking at BLME, told Zawya Dow Jones in a phone interview.

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Written by Suapi Shaffaii

February 3, 2009 at 5:22 pm

Posted in Islamic Capital Market

Tagged with ,

Malaysia gives out more Islamic fund licenses

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Points of Essence:

  • New fund management licencees, Aberdeen Islamic Asset Management, BNP Paribas Islamic Asset Management and Nomura Islamic Asset Management made up a total of 8 foreign fund managers allowed by the Securities Commission to operate Islamic fund operations in Malaysia. As Malaysia allows 100% foreign ownership of the Islamic fund management companies, it has gained interest from global key players with some have already set up offices in the country. This will augur well for Malaysia’s global hub ambition. The Asian Investor has the report.

By Rita Raagas De Ramos, 2 February 2009

The country steps up efforts to become a global hub for Islamic investments by awarding licenses to Aberdeen, BNP Paribas and Nomura.

Malaysia’s Securities Commission has awarded three new foreign Islamic fund management licenses to Aberdeen Islamic Asset Management, BNP Paribas Islamic Asset Management and Nomura Islamic Asset Management. That brings to eight the total number of fund houses allowed to operate Islamic fund operations in the country.

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Written by Suapi Shaffaii

February 3, 2009 at 3:15 pm

Malaysia sharia bank launches fund, sees opportunity

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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.

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Written by Suapi Shaffaii

October 23, 2008 at 10:20 pm