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

NBAD launches Sukuk Income Fund

Posted on 09 May 2012

The National Bank of Abu Dhabi (NBAD), has launched its Sukuk Income Fund, a unique product investing in Sharia-compliant investment instruments that offers investors attractive returns with low levels of risk.
The NBAD Sukuk Income Fund is an open-ended and actively managed product targeting a profit rate of 5% based on current market conditions. Any income will be distributed semi annually. It is open to institutional and individual investors who can invest as low as USD500 either through lump sum or regular savings plans………………………………………..Full Article: Source

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