Asiya launches sharia trade finance fund

Kuwaiti firm Asiya Investments has launched a sharia-compliant income fund out of its recently opened Hong Kong office. The Asian Islamic Trade Finance Fund will provide loans to producers and traders focused on raw materials, commodities and semi-finished products while meeting the specific requirements of sharia law. After receiving its type 4 (advising on securities) and type 9 (asset management) licences from the Securities and Futures Commission (SFC) last July, the company…