CIMB Principal Islamic Asset Management
Al Hilal Bank unveils first sukuk fund
Tue, 2012-02-21 12:04 — newsdeskAl Hilal Bank will launch its first sukuk fund, the Al Hilal Global Sukuk Fund, advocating the bank's full commitment to product and service innovation and its keen interest in strategic segments of the financial services sector.
Investors will have the opportunity to allot a minimum subscription of $10,000 at an initial NAV of $10 per unit.
Fund sponsor will be Al Hilal Bank while CIMB Principal Islamic Asset Management will serve as the fund's investment advisor.
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