Association of Islamic Banking Institutions Malaysia

Al Hilal Bank launches development fund to tap Abu Dhabi real estate sector

Friday, 03 July 2009

Al Hilal Bank, Abu Dhabi-based Islamic bank, in partnership with Abu Dhabi Investment House, leading financial institution based in Abu Dhabi, has announced the launch of Al Wataniya Development Fund aimed at tapping the huge potential of Abu Dhabi real estate sector.

This is the first of a series of investment products to be launched by the bank to capitalize on the opportunities available locally and across the globe.

The signing ceremony was held at the bank's head office in Abu Dhabi, which was attended by senior officials from both Al Hilal Bank and Abu Dhabi Investment House.

The objective of the alliance is to leverage their combined experience in a variety of sectors in the identification of unique investment opportunities and is focused on real estate in Abu Dhabi.

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