Arab Today, arab today solum fund to treat sukuk as investment not debt
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Solum fund to treat sukuk as investment, not debt

Arab Today, arab today

Arab Today, arab today Solum fund to treat sukuk as investment, not debt

Manama - Arabstoday

UK-based Sharia-compliant investment firm Solum Asset Management will launch the first \"investment sukuk\" in the first quarter of next year, treating Islamic bonds as investment vehicles rather than debt instruments, its chief executive said. Unlike traditional sukuk, which are akin to conventional debt products, the £200 million (Dh1.1 trillion) Student Accommodation Investment Sukuk will use equity to provide holders with an annual yield of four to six per cent, said chief executive Safdar Alam at the company\'s launch in Bahrain. Alam, former head of Islamic finance at J.P. Morgan, said the company was seeking to delink Islamic finance products from debt-heavy conventional finance. \"Our stance is that sukuk in its purest sense is an investment vehicle,\" he said. \"We could go to market with this as a fund, but we\'ve made the deliberate choice to launch it as an investment sukuk.\" Alam said the industry had too closely mimicked the conventional finance sector, especially in allowing sukuk to be used as debt instruments despite Islam\'s prohibition of interest.

arabstoday
arabstoday

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*

Arab Today, arab today solum fund to treat sukuk as investment not debt Arab Today, arab today solum fund to treat sukuk as investment not debt

 



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*

Arab Today, arab today solum fund to treat sukuk as investment not debt Arab Today, arab today solum fund to treat sukuk as investment not debt

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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