UAE: Each unit of the National Bank of Abu Dhabi’s (NBAD) Sukuk Income Fund will receive a dividend payout of US$0.14; equal to 2.675% of the net asset value of US$5.18 (as at the 28th November 2013). The profit equivalent of the Fund was US$942.77 million from the 30th May 2013 until the 28th November 2013. Investors who subscribed into the fund by the 27th November 2013 or before, are eligible to receive dividends.
The fund is open-ended and offers investors the opportunity to invest in a range of Sukuk and Islamic money market investments issued by the government of the UAE, government-related entities and selected corporates from the UAE and wider MENA region.