Waha Capital initiates fresh income generating Islamic fund
- Date: 31-Aug-2020
- Source: Gulf Today
- Sector:Financial Markets
- Country:UAE
Waha Capital initiates fresh income generating Islamic fund
Waha Capital initiates fresh income generating Islamic fund
9 hours ago
The new fund is to be open-ended and is expected to have a capacity in excess of $500 million.
Waha Capital has announced the launch of a new income-focused Islamic fund, adding to its three existing funds within its asset management business.
The new fund, to be called "Waha Islamic Income Fund SP“, will invest in Sharia compliant assets across the Sukuk and equity markets, and will also have a global outreach for investments.
Waha Capital is an investment company in Abu Dhabi. The fund is to be open-ended, and is expected to have a capacity in excess of $500 million.
Commenting on the new fund, Amr AlMenhali, CEO of Waha Capital, said, "While our existing funds have some Sharia compliant elements in them, there