The objective of our Global Sukuk capability is to grow the value of investments over the medium-term while invested in a diversified Sukuk portfolio with most tenures ranging from 3-10 years.
The primary target investment geographies are the UAE, Saudi Arabia, Qatar, Turkey, Indonesia, and Malaysia. The capability is primarily invested in USD denominated securities but certain percentages may be allocated to alternative denominations such as Malaysian Ringgit.
The objective of our Domestic Sukuk Fund is to gain higher than average income over the medium to long-term by investing in a diversified portfolio consisting principally of Sukuk, certificates of deposit, short- term money market instruments and other permissible investments under the Shariah principles.
Investments are made primarily in Malaysian issuance with a minimum rating of A3 by RAM and/or A- by MARC. The capability conforms to duration range to achieve income stream expectations in light of interest rate outlook. In addition, the fund manager target a minimum blended quality and sector overweights and underweights in light of risk expectations.
The objective of our Wholesale Sukuk Fund is to provide total return of investments through potential income and capital appreciation over medium to long-term by investing primarily in MYR denominated Islamic fixed income securities that comply with the Shariah principles.
The Fund will mainly be investing in a diversified portfolio of MYR denominated Islamic fixed income securities. 70% and 98% of its NAV will be invested in Sukuk with a minimum credit rating of AA3 by RAM or AA- by MARC, in unrated GII and/or unrated GG. 2% of the Fund’s NAV shall be maintained in Islamic liquid assets such as Islamic money market instruments and/or Islamic Deposits.