Asian Finance Bank plans Gulf aviation fund

27 October 2008

Malaysian Islamic lender Asian Finance Bank will set up aviation and property funds with over Dhs1.54bn, aiming to capitalise on demand for alternative assets amid the global financial crisis. According to Asian Finance chief executive Mohammad Azahari Kamil, The bank, which is backed by Middle Eastern shareholders, is planning a Gulf aviation fund which could be denominated in the euro or dirham currency.

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