Doug Bitcon, head of fixed income funds and portfolios at Dubai-based investment manager Rasmala, says the new Global Sukuk Fund he manages is benefiting from a change in attitude on the part of investors, who in the wake of the financial crisis are attracted to sukuk as generally defensive instruments that provide predictable income streams as well as potential for capital growth.
GFM: What is the history and background of your company, principals and funds?
DB: Rasmala was established in 1999, with headquarters in Dubai and offices in the United Arab Emirates, Saudi Arabia, Oman and Egypt. We manage approximately USD650m and will be working closely with UK-domiciled and AIM-listed European Islamic Investment Bank, which recently acquired a controlling stake in Rasmala, to increase the range of investment products that can be offered to clients.
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