Sharia compliant fund to target women
(The Media Line): A Cayman island based wealth management firm has established a fund that will target female investors in the Gulf. The Mayfair Wealth Management Company has launched the Ameerah, a service offering advice on Sharia (Islamic law) compliant products and investment strategies for female investors in the Gulf. The estimated wealth controlled by the target group is $40 billion. Amani Choudhry, CEO of Mayfair Wealth Management confirmed to The Media Line that Ameerah, meaning princess, is the first fund to specifically target female investors in the Gulf.
Category: Business
