VOL. XLIV

No 50

10-December-2001

KUWAIT

Kuwait Finance House To LaunchMoney Market Fund With HSBC

Kuwait Finance House (KFH) hasannounced that it has signed an agreement with HSBC to establish the Amanamoney market fund as a new Islamic investment product fully compliant withShari'a law. The Kuwaiti daily al-Watan quoted Muhammad al-Kandari, thehead of KFHs Treasury Department, on 29 November as saying that the bank wasin the process of finalizing the necessary administrative measures associated...