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

Al Hilal launches debut Sukuk fund

Posted on 20 February 2012

The flagship fixed-income fund’s objective is to generate regular income as well as achieve capital appreciation by investing in globally-diversified Shari’ah-compliant fixed-income securities (Sukuk) issued by sovereign, quasi-sovereign and corporate organisations.
The structure of the fund is open-ended and the initial offering period will last for one month beginning February 19, 2012. Investors will be able to allot a minimum subscription of $10,000 at an initial NAV of $10 per unit, representing one of the market’s lowest subscription amounts………………………………………..Full Article: Source

 
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