Mashreq Capital (DIFC) limited (‘Mashreq Capital’), the Fund manager and Investment Manager of Mashreq Al Islami Income Fund (Global Sukuk Fund or Fund) is proud to announce yet another important milestone.
Launched in 2009 as one of the first Shari’ah compliant global Sukuk funds in the region, Mashreq Al Islami Income Fund has successfully completed its 10 Year mark this month. The Fund continues to have one of the longest track records with now over a decade of performance, and has been ranked consistently as a top performer amongst its peers. It has also acquired a number of awards including being a 5 time winner of the MENA Fund Manager award. Currently, the dividend paying share class of the Fund targets an annual distribution of 5%. The Fund also maintains an overall investment grade rating.
Speaking on the anniversary, Oliver Kettlewell, Head of Fixed Income said: “We are delighted that a large number of our clients have benefited from the Fund’s close to 80% return during its 10-year track record. We are particularly proud that our clients have never endured a negative-returning calendar year and we are confident of delivering similar success for investors over the next 10 years.”
Mashreq Al Islami Income Fund is an investment vehicle that provides investors with Shari’ah Compliant returns by investing in Shari’ah Compliant financial instruments. The Fund is supervised by a Shari’ah Supervisory Board which consists of globally renowned and esteemed Shari’ah scholars coupled with an In-house Shari’ah and Product Division, comprising of subject matter experts.
This material is for distribution to Professional Clients only (as defined by the DFSA Conduct of Business Rulebooks) should not be relied upon by any other persons. It is issued by Mashreq Capital (DIFC) Limited, regulated by the Dubai Financial Services Authority. Registered office: Unit 28-03, Currency House - Tower 2, Dubai International Financial Centre, Dubai, 1250, United Arab Emirates. Tel: +97144244618.
The views expressed do not constitute investment or any other advice and are subject to change. This document is for information purposes only and does not constitute an offer or invitation to anyone to invest in any Mashreq Capital funds and has not been prepared in connection with any such offer. Past performance is not a reliable indicator of current or future results.
You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of each Fund’s Plan. Please note that depending on market conditions, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in each Fund is paid back to you. A return of capital distribution does not necessarily reflect each Fund’s investment performance and should not be confused with “yield” or “income.”