Emirates Islamic Bank launches Sharia compliant Alternative Strategies Fund

Emirates Islamic Bank launch new Islamic fund to its already expanding Shari'a compliant fund offering - the Islamic Alternative Strategies Fund ('Fund').

The Fund is open to institutional and retail investors and will seek to generate absolute positive returns through all market cycles by investing in Shari'a compliant investment vehicles that in the opinion of the manager, will offer the prospect of high risk-adjusted returns

The last few years have seen an explosion in Islamic investment products being offered and have seen the nascent concept migrate into a mainstream proposition, in particular within the Middle-East. With a potential market of 1.5 billion people worldwide the current estimates of the size of the Islamic finance industry (which range anywhere from $350 billion to $500 billion) are drawing the best and most talented asset managers into this space.

From Al Bawaba, and AMEInfo.