01.10.2012 - Al Hilal Bank’s Global Sukuk Fund generates 4.3 pct return
Al Hilal Global Sukuk Fund has delivered a performance of 4.3 per cent in the six months since its launch in March 2012. The fund invests in a diversified portfolio of Shari’ah-compliant Sukuk issued by sovereign, quasi-sovereign and corporations and aims to generate regular income as well as capital appreciation. Global Sukuk issuances have topped $36 billion while total GCC Sukuk issuances have reached $17.7 billion compared to only $7.3 billion during 2011. Several regional and global issuers have increasingly tapped the Sukuk market to take advantage of the prevailing low interest rate environment while debt refinancing needs support a healthy pipeline of new issues...............................................Full Article: Source
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