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Kuwait Strategia Plans Islamic Invest Fund; Hikes Cap -Report

Mon, 2011-01-10 14:33 — newsdesk

Kuwait's Strategia Investment Company has received the approval of the ministry of commerce and industry to launch an Islamic investment fund with a capital ranging between 5 million Kuwaiti dinars ($17.7 million) and KWD50 million.
This fund will invest in the shares of shariah-compliant companies listed on the Kuwait Stock Exchange and on other bourses in the Gulf Cooperation Council states.

Source: 

http://www.zawya.com/story.cfm/sidZW20110110000009