Financial and Banking News
UBK Launches New Islamic Investment Funds
London-based United Bank of Kuwait has announced that its Islamic BankingInvestment Unit is Activities launching two funds designed to appeal to Islamicinvestors. The Trade and Currency Fund was launched on 29 October. It has amonthly liquidity and is invested in trade transactions and spot currencyholdings. Minimum subscriptions of $100,000 must be made before 14 December. Thesecond,...