Times of Oman | News :: National Investment Funds sees good response for its Sharia-compliant fund:
"National Investment Funds Company (NIFCO) expects good response to its recently concluded Sharia-compliant open-ended investment fund — Al Kawthar Fund.
"The minimum size of the fund is OMR2 million and we believe that we are going to exceed this benchmark," National Investment Funds Company Chief Executive Officer, Sheikh Rashid Saif Al Saadi, told Times of Oman. "Positive response has been received from potential investors." The issue closed initial subscription on August 1."
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