The Central Bank of Bahrain (CBB) is seeing early success, following the introduction of a new regulatory framework to govern the collective investment undertakings (CIU) industry.
The new ‘Exempt’ CIUs are sponsored by Global Investment House, National Bank of Kuwait (NBK) and Naeem Holding Company for Investments.
Global’s Global Real Estate Ijara Fund is a close-ended Islamic real estate fund, NBK’s NBK Institutional Access GCC Equity Fund is a conventional, open-ended private equity fund; while the Naeem MENA Growth Fund is a conventional open-ended fund which will invest in listed equities.
'Misleading, unclear, unfair' promotions
Will extend to wider models
1,414 in 2017/18
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Guidance on dealing with misconduct