Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, is expected to launch a UK real estate investment fund after Ramadan to capitalise on falling prices in the country.
The five-year fund could be as large as $200m.
It will be the latest in a number of sharia-compliant UK property funds launched by the bank, following the launch of Gulf Atlantic Real Estate funds in 2005.
A survey by GFH has revealed that a number of opportunities exist for buying in the UK market, which is experiencing a downturn in real estate prices.
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