Qatar Islamic Malaysia Unit Plans $150 Million Funds in Asia
Monday, January 25, 2010 : PermalinkBusiness Week – Asian Finance Bank, the Malaysian unit of Qatar’s biggest Islamic bank, plans to start funds worth at least $150 million to invest in Asia to benefit from economic expansion in the region.
The bank, 70 percent owned by Qatar Islamic Bank SAQ, will start a $100 million fund to invest in environmentally-friendly projects, another 100 million ringgit ($29 million) for a retail project in Kuala Lumpur and an aviation fund to invest in aircraft purchases, Chief Executive Officer Mohamed Azahari Kamil said in a telephone interview in Kuala Lumpur today.
