Bahrain’s GFH Financial Group Launches USD 100 Million Sukuk Fund
February 21, 2022 | Updated at February 21, 2022
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Email Bahrain-based GFH Financial Group (GFH) has announced the launching of a BHD 37.6 million (USD 100 million) Sukuk Fund following a signing with Credit Suisse for the provision of financing and fund administration services.
Why it Matters?
The Shariah-compliant managed fund holds a portfolio of sovereign, quasi sovereign and corporate sukuk and sukuk-related securities, spanning a number of countries and issuers. According to Salem Patel, Head of Asset Management at GFH, the fund will capitalise on post-pandemic economic growth and recovery. Returns to the fund are to be generated via active asset allocation, credit selection, optimal leverage and duration management for an above average long-term investment return on a risk adjusted basis.
