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Qatar Islamic unit plans $150m funds in Asia

Asian Finance Bank, the Malaysian unit of Qatar Islamic Bank, plans to start funds worth at least $150m to invest in Asia, Bloomberg has reported. The bank will start a $100m fund to invest in environmentally-friendly projects, another 100 million ringgit ($29m) for a retail project in Kuala Lumpur and an aviation fund to invest in aircraft purchases, CEO Mohamed Azahari Kamil told the news service.

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