DIB unveils plans for Sharia opportunity fund
Dubai Islamic Bank (DIB) stated that it will launch a new Sharia opportunity fund in the region with exposure to equity markets across the Asia-Pacific region.
Prudential Asset Management Limited is the one offering the fund. It will search to invest in Sharia-compliant companies in the APAC region excluding Japan. It will also try to capitalise on the sustained economic growth and increasing wealth across the APAC region.