KFI product wins Bahrain ‘deal of the year’

Bahrain-based Islamic investment bank Khaleej Finance & Investment (KFI) has won the deal of the year Award for Bahrain, from The Banker magazine in conjunction with the Financial Times.It won the award for arranging, promoting and placing a landmark, $50m Sharia-compliant, capital-protected equity fund linked to stocks from the Islamic Dow Jones index. The five-year product has a minimum return of 8%, and not less than 90% participation of the average monthly performance in the basket. It d