Shuaa Capital Secures Launches Three New Shariah-Compliant Funds on the Abu Dhabi Global Market

Shuaa Capital (SC) announced that it has launched three open-ended Shariah-compliant funds, with initial commitments of USD 75 million, in a statement to the Dubai Financial Market. The funds, aimed at qualified institutional investors, were launched through SC’s wholly-owned subsidiary, Shuaa GMC Limited, and offered through the Allfunds Bank platform, the largest global fund distribution network.

The Shuaa High Yield Sukuk Fund will invest in a portfolio of Islamic bond instruments, including Shariah-compliant fixed-income investments and high-yield Sukuk, the Nujoom Aggressive Fund and the Nujoom Balanced Fund will invest in a global portfolio of Shariah-compliant equities, fixed-income investments as well as m...