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Boubyan Bank launches KWD money market fund

Mon, 2011-05-02 13:34 — newsdesk

Boubyan Bank is going to initiate an open-ended Kuwaiti dinar money market fund which invests in Shari'ah-compliant short and medium-term instruments available in the financial markets.
The statement of Saleh Ahmed Al-Ateeqi, Acting CEO of Boubyan Capital, reveiles that the purpose is to offer competitive Shari'ah-compliant returns by increasing the value of its assets while offering a high level of liquidity to investors.

Source: 

http://www.cpifinancial.net/v2/News.aspx?v=1&aid=7842&sec=Islamic%20Finance