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UK-based fund to treat sukuk as investment, not debt

Mon, 2011-12-12 12:08 — newsdesk

Solum Asset Management will launch the first “investment sukuk” in the first quarter of next year, considering Islamic bonds as investment vehicles rather than debt instruments.
The 200 million sterling ($310 million) Student Accommodation Investment Sukuk will use equity to supply holders with an annual yield of 4 to 6 %. Risk in the investment sukuk will be based on the assets that are bought by the fund.

Source: 

http://arabnews.com/economy/islamicfinance/article539578.ece