April 21 (Bloomberg) -- Qatar Islamic Bank SAQ, the persian Gulf state's biggest lender complying with Muslim banking rules, plans to start a $1 billion buyout fund with its unit QInvest.

The bank will announce details of the fund later this week, it said in a statement to the Doha bourse today. Qatar Islamic may consider selling Islamic bonds, or sukuk, in six months and will fund natural-gas projects, including those of Nakilat, it said. Last Updated: April 21, 2009 05:18 EDT adType = "OAS"; Category = "03"; HCat = "x20"; Keys = "null"; Width = "3"; Height = "3"; Tile = "3"; CallAd(adType, HCat, Width, Height, Tile, Keys, Category); [IMG] Sponsored links google_ad_client = "pub-1979187633561026"; google_ad_slot = "0643399015"; google_ad_width = 336; google_ad_height = 280; `

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