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Kuwait Finance House to launch $200 mn India fund

Kuwait Finance House to launch $200 mn India fund
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First Published: Mon, Jun 18 2007. 12 31 AM IST
Updated: Mon, Jun 18 2007. 12 31 AM IST
Dubai:Kuwait Finance House KSC, the Persian Gulf’s largest Islamic investment bank, will start a $200 million (Rs820 crore) fund focusing on India with Kuwait Investment Co. SAK and Khaleej Finance and Investment. The fund will comply with Islamic principles and invest in real estate and companies in India, Bahrain-based Khaleej Finance said in an emailed statement on Sunday. The fund aims to earn an internal rate of return of at least 25% over five years, Khaleej said in the statement.
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First Published: Mon, Jun 18 2007. 12 31 AM IST
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