Mashreq Capital’s Sukuk Fund Exceeds USD 150 Million in Assets Under Management

Mashreq Capital, based in Dubai, United Arab Emirates, stated that its Mashreq Al Islami Income Fund (Sukuk Fund) has exceeded USD 150 million in assets under management, positioning the Sukuk Fund amongst the top five public global Sukuk funds in the Middle East.

The Sukuk Fund was established in 2009, as amongst the first Shariah-compliant global Sukuk funds in the Middle Eastern region. Since then and as of the 30th of July 2020, Mashreq Capital reports that the Sukuk Fund has generated a cumulative net return of over 87%.

The Sukuk Fund invests in US Dollar-denominated Shariah-compliant fixed-income securities. Mashreq Capital added that a new AED share class was launched at the en...