Al Salam Bank-Bahrain’s ASB Global REIT Fund posts record 25.75% total return in 2019

Al Salam Bank-Bahrain’s ASB Global REIT Fund posts record 25.75% total return in 2019

Al Salam Bank-Bahrain, the pioneering Shari'a-compliant Bank in the Kingdom, announced that its ASB Global REIT Fund achieved a record 25.75 percent total return for the year ended 31 December 2019.. Launched in 2014 as one of the first Shari'a compliant REIT Funds and converted to a global mandate in 2017, the ASB Global REIT Fund has holdings in REITs listed on stock exchanges globally with exposures to various sub-sectors of real estate.. The ASB Global REIT Fund has consistently ranked amongst the best performing global REIT funds, ranking 1st (for the period since 2017) and 3rd (Year to April) out of a comparable set of funds..