KUALA LUMPUR: AmanahRaya Investment Bank Ltd (ARIBL) and Kuwait Finance House (Labuan) Bhd will set up a US$200mil (RM696mil) Islamic Real Estate Fund called Al-NIBRAS to tap into the lucrative property and infrastructure sector.
Kuwait Finance House (M) Bhd managing director K. Salman Younis said the fund would invest in properties in Malaysia and markets such as Singapore, Indonesia and China.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!