Thursday 21, August 2008 by Mike Gallagher

July a disappointing month, says NBAD

National Bank of Abu Dhabi’s (NBAD) asset management group has released the latest results of the NBAD Islamic Fund - Al Naeem. It is an open-ended, dirham denominated fund with management fees of 2 per cent a year and is open to foreign investors. The minimum subscription is AED 10,000 ($2722) with multiples of AED 1,000 thereafter. 

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