Waha Capital initiates fresh income generating Islamic fund

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