Dubai Islamic, Global set up $500m Islamic fund

DUBAI — Dubai Islamic Bank and Kuwait's Global Investment House have set up a $500 million Islamic buyout fund, the firms said in a joint statement on Wednesday.

By (Reuters)

Published: Thu 26 Jun 2008, 8:11 AM

Last updated: Sun 5 Apr 2015, 1:13 PM

"The Islamic buyout fund that both our institutions have created aims to become the leading Sharia-compliant investment fund in the region," Global's co-founder Maha Al Ghunaim said in a statement. The statement had no further details.

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