VOL. XLI

No. 22

1-June-1998

GENERAL

Dallah AlBarakah And Nomura Launch Islamic Fund

Al-Tawfeeq Company for Investment Funds, a unit of AlBarakah Investment and DevelopmentCompany, which is a subsidiary of Dallah AlBarakah Group, and Nomura Investment Banking(Middle East) of Bahrain have announced the formation of a new open-ended $50-100mn targetequity fund called "al-Nukhba Asia Equity Fund." The fund, which will targetmedium and long-term investors, will invest in accordance with Islamic...