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AB Invest launched two new Islamic Sharia compliant funds, both sponsored by Islamic International Arab Bank (IIAB). The first, IIAB Islamic MENA Fund, is an open-ended fund that invests in Sharia compliant equities in the MENA region. The other is also open-ended, but is focused on Sukuk and Murabaha, a distinctive and highly growing asset class. The Fund is named IIAB Sukuk & Murabaha MENA Fund. These new funds have added to the range of products already being offered to our clients.
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