KUALA LUMPUR: AmanahRaya Investment Bank Ltd and Kuwait Finance House (Labuan) Bhd will set up a US$200mil (RM688.95mil) 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 foreign markets such as Singapore, Indonesia and China to achieve an attractive return for investors.
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