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Dubai: Emirates Islamic Bank (EIB) yesterday announced the launch of the Emirates Islamic Equity Trading Fund, a new open ended fund registered through Emirates Funds Limited in Jersey, Channel Islands.
The fund, which is the sixth Sharia-compliant fund in the Emirates Islamic Bank suite of investment funds in Jersey, is the first in-house global equity fund in the Emirates Islamic Global Fund Range.
The new fund will seek to generate long-term capital growth, and strong risk-adjusted returns, through investment in Sharia-compliant equities across the globe by employing mainly quantitative strategies, the bank said in a statement. |
