Waha Capital launches income generating Islamic Fund

Waha Capital launches income generating Islamic Fund

Adds to existing three funds, for investors specifically seeking income distributionOffering to include managed accounts tailored to specific needs of large regional institutionsAbu Dhabi: Waha Capital PJSC, a leading investment company in Abu Dhabi (ADX: WAHA), 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.Amr AlMenhali, Chief Executive Officer of Waha Capital, said: “While our existing funds have some Sharia compliant elements in them, there has been a steadily