Dubai-based Quantum Investment Bank and Palma Capital have been retained as the placement agents for the launch of a shariah-compliant aircraft leasing fund (ALIF Fund). The fund will be managed by the International Airfinance Corporation (IAFC) with Airbus and the Islamic Development Bank (IDB) as anchor investors and strategic partners. The fund was launched at a signing ceremony held in London on June 23rd. The fund will focus on Airbus aircraft, taking advantage of a targeted size of $5bn from a combination of equity and debt. The fund will operate according to shariah principles and will purchase both brand-new and
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