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HSBC Saudi Arabia launches Amanah Sukuk Fund

Posted on 20 February 2012

The fund aims to provide investors with income-stabilising and potential growth over the medium-to-long term by investing in local and international Sukuks.
The Fund also invests in Shari’ah-compliant money market funds, term deposits and certificates. The performance of the Fund is measured against a composite benchmark which includes HSBC/NASDAQ Dubai Amanah US Dollar Sukuk Index. One of the main features of the fund is the income distribution, whereby earned income will be distributed to customers on a quarterly basis………………………………………..Full Article: Source

 
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