First Saudi mutual fund to be launched from Dublin

This month, the first international mutual funds, which will be run by a Saudi Arabian manager, will be launched from Dublin. Equity funds investing in Saudi Arabia and the Gulf region will be launched by NCB Capital. The operations will be compliant to the principles of Islamic Sharia law. This move is considered to be a continuation of the bank's strategy to become a significant player in the sharia market.

Source: 

http://www.businesspost.ie/#!story/Home/News/First+Saudi+mutual+fund+to+be+launched+from+Dublin/id/19410615-5218-50bc-83f2-827308123205

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