KUALA LUMPUR: Aberdeen Asset Management Plc plans to start its first syariah-compliant stock funds targeted at Asian individuals as regional economies expand at more than 30 times the pace of the United Kingdom.
The company, headquartered in Scotland and overseeing US$286.5bil, will run the investments out of Malaysia once it gets regulatory approval, Abdul Jalil Abdul Rasheed, chief executive officer of Aberdeen Islamic Asset Management Sdn Bhd in Kuala Lumpur, said in an Aug 24 e-mail.
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