Tuesday, May 20, 2008

UAE bank launches its first Islamic Fund

 The Union National  Bank ( UNB ), bank of the UAE,  has launched its first Islamic Fund that will focus on Islamic equities and other Sharia compliant investment instruments.
 
The AI Samaha Islamic Fund aims at investing in a balanced portfolio targeted at capital growth both in the short and long term. 
 
The Fund is an open-ended fund with weekly liqridity.

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