RHB-OSK Global Sukuk Fund – Series 1 will lock-in the yields by investing at least 70% of its assets in sukuk, Islamic commercial papers, Islamic bankers’ acceptances and Islamic notes issued by corporations, financial institutions, supra-nationals, governments and their agencies globally.
The investments can also be made in Islamic money market instruments and Islamic deposits.
RHB chief executive Ho Seng Yee said: “The global sukuk market continues its recovery trajectory in line with the improved global economy.
“This would provide a stronger support for more issuances with better and improved credit standing. We believe there are opportunities arising from debt instruments investments that will offer consistent and regular income to investors.”
The RHB-OSK Global Sukuk Fund seeks to better returns generated by Islamic deposits of a similar investment tenure, with a 4.5% targeted annual return.
Units of the fund are available with a minimum investment of RM 1000 during the 45 day initial offering from 16 July until 30 July.
The bond fund offer follows the launch of an Islamic balanced fund in April.
