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BLME plans Shariah-compliant fund

BLME plans Shariah-compliant fund
27 September 2010 Bank of London and the Middle East (BLME), the totally-Shariah based bank, is currently working on the development of a Shariah-compliant Absolute Return Fund. “We have been watching the whole scenario of active and passive fund management and have been working with a lot of interest on the development of an absolute return fund,” said Nigel Denison, director and head of asset …
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