Rasmala Global Sukuk Fund reports on bond outlook

20/11/2013 14:23 AST

The partial shutdown of the US governmental services ended on the 17 October and the US debt ceiling was raised at the 11th hour. Rasmala reports that both these factors were positive for debt markets as the partial shutdown is expected to delay Fed QE tapering in 2013 and the temporary resolution of the debt ceiling enables markets to function normally. This led to a strong fund performance in October (+1.09 per cent).

The Global Sukuk Fund's duration remained broadly unchanged at 3.28 years (September 3.23 years) as did the weighted average yield to maturity of the Fund to 3.77 per cent (August 3.76 per cent). The Fund's weighted average credit rating remains unchanged at Baa2/BBB.

The Rasmala Global Sukuk Fund invests in a portfolio of Shari’ah-compliant assets comprised primarily of investment grade government, government related and corporate Sukuk and other similar Shari’ah-compliant financial instruments diversified by issuer, sector, geography and duration. The Fund is dynamically managed and targets both income and capital appreciation. The Fund expects to distribute semi-annual dividends around 30 June and 31 December.

The Fund retains its exposure to the high beta emerging market of Turkey which, despite the well-documented challenges facing the country, continues to offer an attractive risk adjusted return over the medium term.


CPI Financial

News

Rasmala 2015 profit drops 58pc

27/04/2016

Rasmala, an independent investment management group, has posted a profit of £0.25 million ($363,500) for 2015 as compared to £0.6 million during the previous year, marking a fall of 58.3 per cent. <

Trade Arabia

EIIB-Rasmala Group named Best European Islamic Bank

18/12/2013

The EIIB-Rasmala Group was named ‘Best Islamic Bank in Europe at the Islamic Business & Finance Awards 2013.

Zak Hydari, Chief Executive of EIIB-Rasmala, said, “2013 has been another mile

CPI Financial

EIIB-Rasmala expands Islamic funds offering

19/11/2013

Investment bank EIIB-Rasmala has broadened its product range with the launch of the Rasmala Trade Finance Fund. This follows a series of new fund launches in 2013, including the Rasmala Global Sukuk

CPI Financial

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683
DARALARKAN 13.47 74,648,349

Top Related Companies

Ticker Price Change
GLOBAL 0.00 0.00 (0.00%)
MARIN 0.00 0.00 (0.00%)
AINV 0.00 0.00 (0.00%)
TII 0.00 0.00 (0.00%)
IIC 0.00 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap