VOL. XLV

No 16

22-April-2002

KUWAIT

KFH Launches IslamicAircraft Leasing Fund

Kuwait Finance House (KFH) announced on 17 April that it hadsigned a joint-venture agreement with Muzun PartnerLimited (MPL), a company backed by a group of regional investors, to launch anIslamic aircraft leasing fund. In a statement, KFH said that the fund will becalled the Millennium Aircraft Leasing Company and will be registered in the Bahamas. KFH will act as the Lead Sponsorof the fund with a capital commitment...