Mashreq Capital’s Flagship Shariah Fund Exceeds USD 100 Million in AUM

The Mashreq Al Islami Income Fund (the Fund), Mashreq Capital’s (the Company) flagship Shariah fund, is one of the oldest Shariah-compliant funds in the region, launched in 2009.

The Fund, which mainly invests in Shariah-compliant, USD denominated fixed income securities, added an AED share class in 2019.

The Company announced that the Fund’s Assets under Management (AUM) had surpassed USD 100 million, with the Head of Marketing, Issam El-Hourani stating that this was a testament to the Fund’s performance.

This positive news comes almost two years after Moody’s downgraded the Company’s rating, citing diminishing mana...