Middle East Economic Survey
Tharawat Launches New Sukuk Investment Fund
Tharawat Investment House, an Islamic investment house based in Bahrain, announced on 25 May the launch of theTharawat Sukuk Fund, its first product. The fund is an open-ended, Shari'a compliant fund aimed at investing around 70% of its assets in government and corporate Sukuk in the Gulf Cooperation Council (GCC) and MENA areas. Tharawat says investors can choose to receive earnings in cash...