Saudia Arabia’s Alinma Investments Launches Its Short-Maturity Sukuk ETF

At the end of February 2019, Alinma Investments in Saudi Arabia listed the Alinma Short - Maturity Sukuk ETF on the Tadawul Exchange in the country, with an initial seed of over USD 300 million, as reported by financial services company, Algo-Chain.

Algo-Chain reported that the ETF will track the iBoxx Tadawul SAR Government Sukuk 0-5 Index, which tracks SAR-denominated Sukuk.

Alinma Investments stated that this ETF was launched to provide investors with a low-risk investment solution.

The global ETF industry includes assets of over USD 4 trillion, and given the current volatility prevalent in economic markets across the world, Alinma Investmen...