Islamic property fund proves popular alternative to US investments

Gulf Finance House (GFH), a Bahrain-based Investment House, has taken Middle Eastern investors' reluctance to invest in the US as an opportunity to raise equity for a UK and European real estate fund.

The bank's Gulf Atlantic Real Estate fund, which is ethically managed and complies fully with Muslim precepts, recently completed the £41.7m (€66m) acquisition of a commercial property at Gatwick, the London airport, from BAA Lynton. The fund had raised over £50m in July this year.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump