Mubasher: GFH Financial Group has launched a $100 million Sukuk fund, which comprises a diversified portfolio of Sharia-compliant Sukuk including sovereign, quasi-sovereign, and corporate Sukuk and Sukuk-related securities.
The fund was introduced after GFH had inked an agreement with Credit Suisse to offer financing and fund administration services from various GCC countries, according to a press release on Monday.
The company seeks to achieve above-average long-term investment returns on a risk-adjusted basis to the fund through active asset allocation, credit selection, optimal leverage, and duration management.
The Head of Asset Management at GFH, Salem Patel, said: "Global borrowers have issued more than $23 billion of Shari’a-compliant debt in 2021 and global Sukuk supply is expected to accelerate in 2022. The GFH Sukuk Fund aims to capitalise on post-pandemic economic growth and recovery."
