funds global MENA

La Francaise launches sharia-compliant #real estate account

La Francaise Forum Securities (FS) has launched its sharia-compliant real estate securities separately managed account. The account has been developed for an unnamed Islamic investment manager based in Kuwait. La Francaise FS will select securities with an above average risk adjusted total return to form a portfolio of 30 to 50 stocks. According to Jana Sehnalova, managing director of La Française FS, the account is designed for institutional investors with an Islamic finance focus. She said that La Francaise FS was investigating the viability of developing a fund based on the same strategy as part of the existing product line managed by Groupe La Francaise.

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