AlKhair Capital, a leading Saudi-based investments institution, has launched the ‘AlKhair Capital Plus Sukuk Fund’ - its open-ended, Sharia-compliant investment fund for investment in fixed income markets.

The fund is aimed at generating regular income as well as achieving capital appreciation by investing in globally-diversified fixed income securities.

Investors will be able to invest with a minimum subscription of $10,000 at an initial net asset value (NAV) of $100 per unit.

“The fund aims at achieving mid- and long-term capital growth, as well as yielding revenues from investment income in a portfolio that encompasses income-generating investments and Sharia-compliant securities,” said Khalid Al-Mulhim, CEO.

“The outlook for Sukuk market is extremely positive amidst the current global macroeconomic uncertainty. The recently launched Sukuk issues have been heavily oversubscribed by regional and global investors reaffirming the appetite for good quality credit,” he said.

The fund prospectus and terms and conditions can be viewed and accessed through Tadawul website or on AlKhair Capital Saudi Arabia’s website. – TradeArabia News Service