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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Funds more

Mashreq sees Gulf sukuk extend gains on growth hopes

Posted on 12 May 2011

The Mashreq Al-Islami Income Fund, the Arabian Gulf’s best performing Shariah-compliant fund, says sukuk in the region will extend a rally as government spending and the fastest economic growth in six years boost demand.
Mashreq, managed by Dubai’s Mashreq Capital DIFC Ltd, returned 5.5% this year, Bloomberg data show. The company bought Islamic notes of UAE-based Tamweel and Dubai Sukuk Centre Ltd……………………………………….Full Article: Source

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