Sri Lanka’s first Shariah-based income fund launched

A new milestone was reached by the Islamic finance industry of Sri Lanka. The first Shariahbased income fund for the country was recently launched. It has the structure of a unit trust. It will be followed by another unit trust - Adl Mudarabah Fund - which will be launched under the combined expertise of Adl Capital Limited and Comtrust Asset Management (Pvt.) Limited. The Trustee of the fund will be Deutsche Bank. Its role is to monitor all investments.

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