IFN - Shamil Bank Islamic fund in China

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Shamil Bank Islamic fund in China

News Briefs
Islamic Finance news
06/02/2006
0

Bahrain-based Shamil Bank has launched the first ever Islamic property fund for investment in the Chinese real estate market – the US$100 million Shamil China Realty Mudarabah. The four-year Mudarabah will invest in the Xuan Huang China Realty Investment Fund, a joint venture between Shamil Bank and the state-owned Chinese conglomerate CITIC Group. The fund will undertake Shariah compliant, high quality investments in land development projects, residential, commercial and industrial properties. The Mudarabah will be targeted at institutional investors and....

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