| Falcon Private Bank plans to launch an open-ended global Sukuk fund in April. “We are in the process of launching a fund … a global Sukuk fund – the fund will only invest in Sukuk that are issued from basically anywhere in the world – that will be launched early next month (April); it’s an open ended fund, Zafar Khan, CEO MENA at Falcon Private Bank, told CPI Financial.
Khan explained that the demand for Sukuk is greater than for conventional bonds in the region. “There is a huge demand for bonds but more of this demand is coming from Islamic bonds,” he said. “Where the debt market is concerned, I think that in last year the emerging market debt market performed very well. I think there is still a lot of value in the debt market in this region.”..............................................Full Article: Source
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