Tharawat Investment House of Bahrain has launched its first Sharia compliant investment product 'Tharawat Sukuk Fund'.
The fund is an open-ended, Sharia'a compliant investment fund domiciled in the Kingdom of Bahrain investing around 70% of its assets in government and corporate Sukuk in the GCC and MENA areas.
"The fund aims to preserve capital and achieve high return for investors through purchasing Sukuk in primary and secondary markets," said Tharawat CEO Aref Mohammed Al Alawi (pic right).
The fund offers investors the choice to receive the fund's distributions in cash or through issuance of additional Units.
The fund is targeting investors from individuals and organizations that are looking for investments that generate higher returns than bank deposits,' Al Alawi said that Tharawat Sukuk Fund is different from other investment funds in many ways. As not only is it fully compliant with sharia, it also provides the benefit of easy exit anytime the investor wishes without any losses or hidden conditions,'
Sharia'a Supervisory Board at Tharawat Investment House have audited, reviewed and approved the fund and all its conditions and operations. The Board consists of Shaikh Nedham Mohammed Saleh Yaqoobi, Chairman (from the Kingdom of Bahrain), Shaikh Dr. Mohammed Abdulrahim Sultan Al Olama, Member (from the UAE), and Shaikh Osama Mohammed Bahar, Member (from the Kingdom of Bahrain).
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