BlackEnterprise.com
26 May 2008
Singapore, May 26 Kyodo - Singapore's stock and derivatives exchange has teamed up with a Japanese securities house to offer an investment fund based on Japan's top 100 companies whose activities comply with Islamic rules, the two sides announced Monday.
Singapore Exchange Ltd. and Daiwa Asset Management (Singapore) Ltd. will launch the exchange-traded fund on Tuesday, with an eye on the cash-rich Middle Eastern market, now flush with oil money amid soaring crude oil prices, they said in a joint statement.
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