BMA gives go ahead for Islamic fund

Professional Adviser
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The Bahrain Monetary Agency (BMA) has authorised an Islamic equity fund, sponsored by Kuwait-based I...

The Bahrain Monetary Agency (BMA) has authorised an Islamic equity fund, sponsored by Kuwait-based Islamic investment firm, First Investment Company. The First Kuwait fund is aimed for investment in a portfolio of Shariah-compliant companies listed on the Kuwait Stock Exchange (KSE), as well as unlisted Kuwaiti firms. The Bahrain-domiciled US dollar-denominated open-ended fund is the third to be incorporated in Bahrain by First Investment, a group of firms with activities spanning financial services, education and real estate. The kingdom's fund industry has seen phenomenal growth in ...

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