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...