AmIslamic Funds Management to launch four products
AmIslamic Funds Management Sdn Bhd plans to launch at least four new domestic Islamic unit trust products by the end of its current financial year next March to boost its Islamic fund assets to RM1.3bil from RM940mil presently.
UBS and MerchantBridge will launch a $500m private equity fund in 2009, to take advantage of consolidation opportunities in the Middle East, according to Basil al-Rahim, managing partner of MerchantBridge.