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Abstract

Al-Mashora is the largest [Shari]'a advisor in Kuwait and is considered to be one of the leading Shari'a advisors. Al-Mashora was the first Shari'a advisor to receive the Shari'a consultations license in Kuwait. Al-Mashora advisors comprise numerous prominent experts and consultants who possess both academic excellence and practical experience in the application of the principles of Shari'a, gained through their positions as professors at Islamic universities and Shari'a colleges or as consultants in the public and private sectors. Al-Mashora advisors are highly distinguished and have extensive experience in the various Shari'a fields.

The Fund is available to Gulf State and European investors with the first closing scheduled for June 30, 2007. CIBC Bank and Trust Company (Cayman) Limited is providing custodial and administration services to the Fund. BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE:BMO)(TSX:BMO), will be providing prime brokerage services. KPMG (Cayman) is the Fund's auditors and Walkers (Cayman) is counsel to the Fund. Al-Mashora House for Shari'a Consultations in Kuwait is acting as Partners' Shari'a Advisory Board.

Details

Title
iTrust Partners Launches the First Shari'a Compliant Canadian Income Fund With Monthly Cash Distributions; $400 million CAD Shari'a compliant fund targeted at Gulf State and European Institutional Investors
First page
1
Publication year
2007
Publication date
May 24, 2007
Publisher
Intrado Digital Media Canada Inc.
Source type
Trade Journal
Language of publication
English
ProQuest document ID
447959586
Copyright
Copyright CCNMatthews May 24, 2007