Share

Prime Rate Capital launches shariah-compliant fund

Prime Rate Capital launches shariah-compliant fund
News

Prime Rate Capital launches shariah-compliant fund1

Finance | Vibeka Mair | 7 Dec 2009

Fund manager Prime Rate Capital Management has launched its first shariah-compliant liquidity fund.

The Islamic liquidity fund will offer a pooling mechanism that can be used for investment of overnight, call and short-term cash surpluses. It will invest in commodity Murabaha transactions and be made available in pounds, dollars or euros.

It has been designed for Islamic institutional investors as well as the Islamic clients of financial institutions.

Abdi Ibrahim
Chairperson
Coventry Somali community Network
8 Dec 2009

I chair a refugee community organisation aiming for the integration projects and am much interested to know more about shariah compliance fund.
abdi
CSCN
0795664218

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Tags

Free eNews

Unicef raises £3.1m from Commonwealth Games opening ceremony appeal

24 Jul 2014

Unicef raised £3.1m through text and online donations from UK viewers watching the Commonwealth Games’...

People think charities spend just two-fifths of their income on 'the cause', research shows

24 Jul 2014

People think charities spend just 38 per cent of their income on ‘the cause’, but they believe organisations...

Barnardo's launches retail gift aid appeal

23 Jul 2014

Barnardo’s has launched an appeal to raise awareness of retail gift aid and the extra £6.5m that could...

Workfare charities set to be named after Tribunal rules against DWP

23 Jul 2014

Charities that are involved in the workfare programme run by the Department for Work and Pensions look...

Dove Trust charities will be paid a third of what they are owed

23 Jul 2014

The charities and good causes owed money by the Dove Trust, owner of the suspended fundraising website...

Nesta was 'forced' to fund Big Society Network, says former trustee

22 Jul 2014

Former Nesta trustee Liam Black tweeted this morning that Nesta was “forced” to fund Big Society Network. 

Greenpeace video removed from YouTube following copyright claim

14 Jul 2014

A campaign video by Greenpeace against Lego’s relationship with Shell has been subject to a copyright...

Oxfam advert removed after appearing before extremist videos

10 Jul 2014

Oxfam has removed one of its adverts from YouTube after it was shown on channels showing content from...

Data protection proposals 'potentially catastrophic' for fundraising

8 Jul 2014

EU data protection proposals could have a “potentially catastrophic” impact on charity fundraising,...

Join the discussion

 Twitter button

@CSFinance