(PRU.L) Prudential PLC Buy/Sell

KUALA LUMPUR, Nov 5 (Reuters) - British insurer Prudential said on Thursday it has set up an Islamic asset management company.
The Kuala Lumpur-based company will manage assets of institutional investors, and onshore and offshore institutional mandates, Prudential said in a statement.
At September 30, Prudential managed 1.5 billion ringgit ($439.9 million) of Islamic funds in Malaysia, it said.

($1=3.410 Malaysian Ringgit)

(Click on for more Islamic finance stories and for a speed guide) (Reporting by Liau Y-Sing; editing by Soo Ai Peng) ((y-sing.liau@thomsonreuters.com; Reuters Messaging: y-sing.liau.reuters.com@reuters.net; +603 2333 8083)) Keywords: PRUDENTIAL ISLAMIC/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

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