Vision Investment Services has set a new trend by introducing the first Sharia-compliant fund in Oman. The Vision Al Khair GCC Fund (Sharia-compliant) is an investment vehicle, wherein all financial instruments of the fund are in compliance with acceptable Sharia principles and policies. It is an investment programme, wherein the fund seeks investments in financial instruments of the Gulf Cooperation Council (GCC) economies to earn profits that are in conformity with the precepts of Sharia.
The initial subscription period of the fund is from January 10, 2013 to February 10, 2013 and the subscription is open to all nationalities. Elaborating about the fund, Ali Mohammed Juma, chief executive said, "We are pleased to announce the launch of the first Sharia-compliant fund in Oman. This Fund is coming in response to the increasing demand in Sharia-compliant options in different markets for investments and savings, for government and semi government organisations, corporates, institutions and individuals."
Times of Oman | Vision launches Sharia-compliant GCC fund in Oman
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