EIIB-Rasmala, a leading investment banking and asset management group in the GCC, has launched its Rasmala Trade Finance Fund.

It follows a series of new fund launches this year, including the Rasmala Global Sukuk Fund, the Rasmala Leasing Fund and the Rasmala GCC Islamic Equity Income Fund.

EIIB-Rasmala comprises the AIM-listed European Islamic Investment Bank and UAE-based Rasmala Group.

Eric Swats, head of asset management, said: “Our latest fund will cater to the increasing demand for low risk, income-orientated Sharia-compliant investment products. The Rasmala Trade Finance Fund will provide investors with a low-risk alternative investment opportunity to obtain attractive and stable returns.”

The Rasmala Trade Finance Fund offers a diversified portfolio of trade finance transactions exposed to different geographies, industry groups and individual companies in order to lower exposure to rising interest rates.

The fund will obtain enhanced investment returns from assets that can often be undervalued due to lack of recognition of their intrinsic payment capabilities.  The overall strategy of the fund is expected to provide it with a means to achieve global diversification in both the primary and secondary trade finance markets. - TradeArabia News Service