The mid-term fund invest in sukuk and murabaha issued by highly rated companies and governments. The fund will provide investors with an opportunity to participate in a new expanding asset class sukuk as a developing asset, and help them to balance their overall portfolio risk.
The new fund aims to generate a higher yield than money market investments and will benefit from a diversification across countries, sectors and companies in the GCC region. The minimum subscription amount is $10,000.
Jawdat Al Halabi, MD of wealth and asset management at NCB Capital, said: “This is an exciting addition to our growing portfolio of funds and supports our reputation of providing our clients with the best performing products.
“The launch of this new fund reinforces the fact that we aim to provide the best products and levels of service to our investors, which is exactly what they should expect from the Kingdom’s largest manager of wealth.”
