Shamil Bank raises EUR 57m for Turkish real estate

By A staff reporter 2008-04-14T00:00:00

Bahrain-based Shamil Bank has announced that it has met its investment target of $90mln (EUR 57mln) for a Shariah compliant fund targeting Turkey's property market. The Shamil Bosphorous Modaraba is projected to provide investment returns of 60% over three years. Investments will focus on residential and mixed-use real estate developments ...

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