nbad wins best sukuk fund award
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

By the readers of CPI Financials

NBAD wins Best Sukuk Fund Award

Arab Today, arab today

Arab Today, arab today NBAD wins Best Sukuk Fund Award

National Bank of Abu Dhabi
Abu Dhabi - Arab Today

National Bank of Abu Dhabi Abu Dhabi - Arab Today The National Bank of Abu Dhabi's Sukuk Income Fund has been named the Best Sukuk Fund by Islamic Business and Finance Awards, CPI Financials. The Sukuk Income Fund (SIF) was voted the best by the readers of CPI Financials. "We are extremely pleased that investors and market observers have voted the Sukuk Income Fund as the best. This year, which has been a highly challenging year, the performance of the Sukuk Income Fund has been unique amongst the peer group with attractive levels of income and total returns achieved at a low level of volatility," said Mark Watts, the Managing Director and Chief Investment Officer of NBAD's Asset Management Group. NBAD Sukuk Income Fund achieved a profit equivalent to US$942,773.25 from 30th May 2013 to 28th November 2013, and a net asset value (NAV) of US$5.1831 during the period. Accordingly, the fund distributed a dividend pay-out of US$0.1386 to each unit in the Fund in the second half of 2013. In the first half of the year, the Fund distributed dividend pay-out of US$.0.10569. "In a market that has seen returns to investors drop, we are particularly proud that NBAD Sukuk Income Fund earned respectable income and total return," said Mr. Watts. Ali Soner Guney, the Fixed Income Fund Manager at NBAD, commented, "This award recognised the Fund's success in 2013 to protect and grow value amidst challenging market conditions." Mr. Guney added, "We have a more constructive market view in 2014. We believe improved credit quality, strong macro-dynamics and favourable liquidity in the region highlight the attractiveness of investing in the MENA Sukuk market." The NBAD Sukuk Income Fund is an open-ended and actively managed product and distributes income semi-annually. The Fund's structure and its investments are regularly reviewed by the well-known Sharia scholar, Sheikh NizamYacquobi, to ensure continued adherence to Sharia principles. It is open to institutional and individual investors, who can invest as low as USD500 either through lump sum or regular investment plans. The Fund is designed to capture the best opportunities available for investors by investing in a range of Sukuk and Islamic money market investments that are issued by the U.A.E. Government; government-related entities, and selected corporates, mainly from the U.A.E. and wider MENA region. The Fund, which is managed by NBAD's Asset Management Group, the region's premier asset manager, aims to maximise income in a risk-controlled manner. Recently, NBAD's Asset Management Group was named Asset Manager of the Year by the prestigious Global Investor/ISF at their Middle East Summit and Awards 2013. Both awards add to the list of accolades awarded to NBAD's Asset Management Group which include recognition for our Islamic expertise in the form of Best Asset Management House in Middle East by International Takaful Awards for the second year running. The Group's products allow access to our expertise whether you are an individual investor or a large institution and we look to satisfy client needs offering either growth or income strategies to suit client requirements Source: WAM

arabstoday
arabstoday

GMT 02:56 2017 Saturday ,18 November

Moody's raises India rating, citing reforms

GMT 01:26 2017 Saturday ,18 November

Reports underline proliferation of weapons

GMT 01:28 2017 Friday ,17 November

Martin Lockheed Signs MoU with KACST

GMT 01:12 2017 Thursday ,16 November

Oil producers extend production cuts

GMT 00:50 2017 Wednesday ,15 November

Insurance hike expected for high-rises

GMT 13:35 2017 Tuesday ,14 November

Oil producers to extend cuts

GMT 07:02 2017 Monday ,13 November

Dubai property giant Emaar profits
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nbad wins best sukuk fund award nbad wins best sukuk fund award

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nbad wins best sukuk fund award nbad wins best sukuk fund award

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday