SAUDI ARABIA: HSBC Saudi Arabia has launched the HSBC Amanah Sukuk Fund, an open-ended Shariah compliant fund.
The fund aims to provide investors with income-stabilizing and potential growth over the medium to long-term by investing in local and international Sukuk. It will also invest in Shariah compliant money market funds, term deposits and certificates.
The performance of the fund is measured against a composite benchmark including the HSBC/NASDAQ Dubai Amanah US Dollar Sukuk Index.