Islamic Corporation Starts $600 Million Agriculture, Farm Fund

The Islamic Corporation for the Development of the Private Sector, a member of the Jeddah-based Islamic Development Bank group, started a $600 million agriculture and farm fund to promote investments in Muslim nations.

The fund is a partnership between the Islamic Cooperation and a management team advised by Dutch Rabobank Group’s unit Robeco, the Islamic financial institution said in an e-mailed statement today.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net