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Prime Rate Capital launches shariah-compliant fund

Prime Rate Capital launches shariah-compliant fund
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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

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