Abu“ˆDhabi’s Waha Capital unveils income generating Islamic fund

Abu“ˆDhabi’s Waha Capital unveils income generating Islamic fund

Abu“ˆDhabi's Waha Capital unveils income generating Islamic fund Admin 16 hours ago Local News, Uncategorized Abu Dhabi / WAMWaha Capital, an investment company in Abu Dhabi, 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 have a global outreach for investments. 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 has been a steadily growing demand from our existing