KUALA LUMPUR: The Brisbane Islamic Investment Fund (BIIF), the first Queensland-based and regulated Islamic investment fund, has forecast initial investment of A$100 million.
In a statement today, BIIF said the projection was based on early intentions from investors, with a number of projects identified for commencement in March 2014.
"The initial investment is also expected to utilise some of the excess liquidity of over US$1 trillion in the global Islamic investment funds worldwide in the next decade," it said.
BIIF said it will be involved in the development and creation of syariah-compliant projects that meet pre-defined investment criteria.
"The projects will initially be Queensland based utilising existing intellectual technology and resources.
"These will be expanded to other regions throughout Australia and internationally including Indonesia, Malaysia and the Middle East," it said.
The investment projects to be funded will focus on energy and resources, manufacturing and service businesses, tourism and development, solar and clean energy and livestock, it said.
BIFF said Queensland was selected as the ideal base for the BIIF because it provided a good selection of projects that matched the fund's investment criteria, has good growth prospects and was seen as progressive in supporting investment.
没有评论:
发表评论