Waha Capital, listed on the Abu Dhabi Stock Exchange, announced the launch of a new Sharia-compliant investment fund to attract more than $ 500 million in investments.
The company said in a statement to the stock exchange today, Sunday, that it had launched the Al-Waha Islamic Fixed Income Fund, which is an open-ended investment fund that complies with the provisions of Islamic Sharia.
The company stated that the fund focuses on investing in fixed income returns in the sukuk and bond markets and provides investment opportunities in global markets.
and pointed out that the new fund joins 3 other successful investment funds previously launched by Waha Capital within its asset management sector.
The company emphasized that the new fund avoids investing in prohibited or controversial activities or assets or volatile business sectors.
According to the statement, the fund will direct its investments in particular towards companies with relatively low indebtedness.
(Amazon Fun Knowledge)
