Emirates Global Sukuk Fund available on ZIL
From Products Jan 25 2012 BY: Simon Danaher
, Online News Editor
, International Adviser
Emirates NBD’s Global Sukuk Fund has been made available on the Zurich International Life platform.
The dollar denominated fund, which is Shariah-compliant, is open-ended and invests in a diversified portfolio of Sukuk (debt) issued by companies and governments.
Emirates NBD said the primary investment objective of the fund is to “achieve high income as well as capital growth”. The company added that the product is suitable for investors with a medium to long term investment horizon and should be viewed as a “medium risk product”.