IslamicFinance.de

Mashreq’s Islamic banking division, Mashreq Al Islami, has launched its flagship Islamic Equity Fund, Al Islami Arab Tigers Fund. The fund will facilitate investment in a diversified portfolio of growth and dividend stocks in the MENA region. The Al Islami Arab Tigers Fund will invest in listed equities of companies that comply with Shariah law values. Mashreq fund manager Reda Gomma said that given the spending spree by MENA governments to upgrade their infrastructure, corporate earnings are poised to grow substantially over the medium to long term. Al Islami Arab Tigers is a well regulated fund and is a good opportunity for investors to benefit from growing economies in the Middle East, Gomma added.