VOL. XLII
No 50
13-December-1999
GENERAL
Islamic Banks Launch New Equity Investment Funds
In November both Bahrain-based TAIB Bank and Qatar IslamicBank (QIB) announced their intention to launch new equity funds targetingShari'a compliant stocks. TAIB Bank plans to launch the TAIB Crescent GlobalFund (TCGF) which will form part of TAIBs family of mutual funds and invest instocks listed in the Dow Jones Islamic Market Index (DJIM). And QIB islaunching a global Islamic investment fund which will...
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