Sector review: Global Sukuk funds over three years
The Sakk has underpinned modern day Islamic finance and as a result there is a multitude of different Sukuk for a fund manager to invest in, from various domiciles in both the developed and developing markets.
There is also a vast range of maturities and profit rates to choose from as well as different issuers from sovereigns down to small businesses. Finding them is not difficult either as Sukuk are listed on numerous global exchanges.
The top performer over the period was the tiny $0.01m Indonesian based Reksa Dana PNM Amanah Syariah fund, managed by PNM Investment Management.