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Tue 15 May 2007 02:51 PM

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Kuwait's Global launches $100m Islamic fund

Minimum subscription in the fund is $25,000 with each unit priced at $100.

Kuwait's Global Investment House said on Tuesday it had launched a $100 million fund to invest in a basket of funds compliant with Islamic Sharia.

Minimum subscription in the fund, registered in Bahrain, is $25,000 with each unit priced at $100, Global said in a statement.

The Kuwaiti investment bank currently manages more than 30 investment funds.

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