Libya Herald reports that the Central Bank of Libya has given its approval to a LD 165-milion ($125-million) Islamic real estate fund, shares in which will be traded on the Tripoli Stock Exchange. Founded by Assaray Bank which will take ten percent of the shares, the Sharia-compliant equivalent of a closed-end fund will invest in […]
Tag Archives | investment funds
Tags: Assaray Bank, Central Bank of Libya, Hogan Lovells, investment funds, Property, PWC, real estate, Sharia Solutions, Shariah-compliant services, Tadawul Financial Services
Konooz "to List Libya’s First Islamic Fund"
According to a report from Libya Herald, a company called Konooz Investment Holding Company [Kunooz?] has announced it has obtained an initial permit from the Libyan Stock Market to set up the first Islamic investment fund in Libya. The company is now said to be awaiting final approval from the Libyan Central Bank to launch […]