Bahrain’s GFH launches $100m GCC sukuk fund – The National
- Date: 21-Feb-2022
- Source: The National
- Sector:Financial Markets
- Country:Bahrain
Bahrain’s GFH launches $100m GCC sukuk fund – The National
GFH Financial Group (GFH), an investment bank based in Bahrain, rolled out and seeded a $100 million diversified sukuk fund as it seeks to tap into the growing appetite for Islamic bond issuances in the region.
The fund will hold a portfolio of sovereign, quasi-sovereign and corporate sukuk and sukuk-related securities from various countries and issuers, primarily in the GCC, and will be managed in accordance with Sharia principles, GFH said in a statement on Sunday.
The move follows GFH's agreement with Credit Suisse to provide attractive financing and fund administration services, the company said.
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