VOL. XXXI

NO. 35

6-JUNE-1988

Financial and Banking News

INVESTMENT ACTIVITIES

CSFB Launches Islamic Fund

Credit Suisse First Boston (CSFB) has joined the ranks of western fundmanagers offering Islamic products by launching its "Islamic InvestmentFund," registered in the British Channel Islands in March. The fund ismanaged by a newly created CSFB subsidiary Veryfinance Ltd., and it acceptssubscriptions of a minimum 25,000 shares at an issue price of $1.03 per share.According to the advertisements...