Shariah structured trade finance fund to launch

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08 December 2009

Shariah-compliant structured trade finance fund to be launched by Gatehouse Bank and DDCAP Limited.

UK-based wholesale Islamic bank, Gatehouse Bank, will launch a Shariah-compliant Structured Trade Finance Fund in early 2010 with wholesale Islamic market intermediary company DDCAP Limited to invest capital in structured trade finance transactions in order to inject new flows of capital into the global marketplace.

Many Western banks operating in this sector are restricted in their trade finance activities and the creation of an Islamic fund to service this sector would have worldwide benefits, providing liquidity to a market that has been seriously constrained.

The Structured Trade Finance Fund is deliberately designed as a clear-cut and accessible...

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