Qatar Islamic Bank is jumping into the sukuk-fund game, joining four other regional contestants in the as-yet-pretty-small field. Despite the growing popularity of Islamic finance, the largest Islamic bond fund in the region has $24m in assets under management (it's run by Algebra Capital in Dubai), according to Zawya.com's funds monitor. QIB's new fund is to be run "through a platform set up through its London-based affiliate European Finance House," according to a Zawya Dow Jones report. No word yet on how much money the fund expects to raise.
Regional sukuk funds (ranked by assets, per Zawya):
1. The Sukuk Fund, Algebra Capital, $24m.
2. Jadwa Global Sukuk Fund, Jadwa Investment, $15.1m.
3. Falcom Sukuk Fund, Falcom Financial Services, $14.6m
4. IIAB Sukuk and Murabaha MENA Fund, Al Arabi Investment Group, $8.1m
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Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix
GP3 qualifying, 10:15am
Formula 2, practice 11:30am
Formula 1, first practice, 1pm
GP3 qualifying session, 3.10pm
Formula 1 second practice, 5pm
Formula 2 qualifying, 7pm
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5