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Elaf-Algebra launch $100m Sukuk Fund
Published September 7, 2008, 4:12 pm, Gulf Daily News
MANAMA: Bahrain-based Elaf Bank and Algebra Capital have announced the launch of The Sukuk Fund. Targeting an initial size of $100 million and returns above eight per cent, the open-ended fund seeded by Elaf Bank and managed by Algebra Capital will provide exposure to Sharia-compliant securities issued in the Middle east North Africa and Asia region (MENASIA).
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