Dubai's Shuaa launches 3 shariah funds in Abu Dhabi Global Market

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Dubai's Shuaa launches 3 shariah funds in Abu Dhabi Global Market

Dubai-based asset manager Shuaa Capital has announced the launch of three shariah-compliant funds backed by secured commitments worth $75m on the Abu Dhabi Global Market (ADGM). The open-ended products are expected to be the largest of their kind to have been listed on the ADGM, Abu Dhabi's financial centre and free zone. The Shuaa High Yield Sukuk Fund, Nujoom Aggressive Fund and Nujoom Balanced Fund are the first Sharia-compliant funds within an ICC umbrella to launch in the Abu Dhabi Global...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.