Emirates Investment Services (“EIS”), a division of Emirates NBD, registered in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority, announced that the latest estimated value of the Emirates Sukuk Fund has risen 8.5% in the first three months of trading
The Shari’a compliant sukuk fund launched its first offer period in January 2009 and began trading at the start of March 2009.
The fund operates by buying Islamic bonds, or sukuk, issued by companies and governments based primarily in the Middle East and North Africa.
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