US EditionBaghdadi’s Tamwuil Capital launches shariah-compliant fund
Summary by Global Trade Review (GTR)
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Baghdadi’s Tamwuil Capital launches shariah-compliant fund
Tamwuil Capital, a company led by former Barclays global head of trade and working capital Baihas Baghdadi, has launched a sharia-compliant working capital fund aimed at Middle Eastern investors. The investment vehicle is fully aligned with Islamic law and has been established with an initial €25mn contribution from a top-tier financial institution based in the Gulf Cooperation Council region, the firm tells GTR. The fund aims to connect Middle…
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