20.02.2012 - HSBC Saudi Arabia launches Amanah Sukuk Fund
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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