First Islamic equity product launched in UK

    The London-based ABC International Bank’s Islamic Asset Management (IAM) entity, both of which are subsidiaries of the Bahrain-based consortium bank Arab Banking Cooperation, has launched the first retail Shariah-compliant capital-protected equity product in the UK under its ‘Alburaq’ brand. The savings product, which has a minimum subscription of just _500 and is a Shariah-compliant alternative…

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