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Prime Rate to launch Shariah compliant liquidity fund
07 December 2009
Prime Rate Capital Management is to launch an Islamic liquidity fund, the first Shariah compliant liquidity instrument targeting a triple-A rating for the Islamic wholesale investment markets.
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Prime Rate Islamic Shariah liquidity
Prime Rate Capital Management, the independent, specialist provider of liquidity and fixed income products, is to launch an Islamic liquidity fund, the first Shariah compliant liquidity instrument targeting a triple-A rating for the Islamic wholesale investment markets. In response to market demand for Shariah compliant cash management instruments, The Islamic Liquidity Fund will provide Islamic financial institutions with a pooling mechanism that can be used for investment of overnight, call and short term...
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