Rasmala Long Income Fund Obtains Structured Islamic Financing from Abu Dhabi Islamic Bank 

To support Rasmala Long Income Fund (Rasmala)’s acquisition of a supermarket investment in Greater Manchester in the United Kingdom, Abu Dhabi Islamic Bank (ADIB), in the United Arab Emirates, has provided structured Islamic financing.

Why it Matters?

The property has been leased to Tesco Stores, the UK’s largest supermarket chain, subject to five-yearly index-linked upwards-only rent reviews. The UK grocery market has shown strong resilience during COVID-19, providing an investment alternative for those looking for long-term income security, particularly when risk appetite has faded owing to the economic downturn. The objective of Rasmala is to generate income and capital growth by investing in a Shariah-compliant manner into a diversifie...