KFH launches Islamic fund
KFH Asset Management, a subsidiary of Kuwait Finance House, an Islamic bank based in Kuala Lumpur, will launch a $300 million fund by the end of 2012, according to Reuters. The fund plans to raise capital from Gulf investors, and will also seek money from Singapore and Japan in an effort to diversify its investor base from the current Kuwait, Malaysia and Brunei funds.
Reports quoted comments from Lew Oon Yew, KFH’s private equity head, saying that the fund will target companies involved in consumer, healthcare, education, waste management and light manufacturing with...
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