QFIB sets up Islamic asset manager

Published: September 28, 2010

Bank teams with Gulfmena Alternative Investments.

Qatar First Investment Bank (QFIB) and Dubai-based Gulfmena Alternative Investments are setting up a shariah-compliant asset management company.

QFIB will hold the majority stake in the new company, with Gulfmena Alternative Investments managing the investments. The company is expected to launch in the final quarter of the year.