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Dubai’s Takaful Emarat Starts Equity Fund, CEO Marrouche Says

Takaful Emarat - Insurance P.S.C., a Dubai-based Shariah-compliant life and health insurance company, started a 20 million Saudi riyal ($5.3 million) equity fund, Chief Executive Officer Ghassan Marrouche said.

“It’s a global equity investment fund that protects 90 percent of the capital,” he said in an interview in Dubai today. “The expected annual rate of return is between 3 to 5 percent.” The fund is managed by Riyad Capital, Marrouche said.

Takaful Emarat’s services include savings through investment products, personal accident benefits and mortgage insurance products.

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