IslamicFinance.de

Funds dedicated to sukuk are a rare breed, with only 20 currently marketed in the Gulf. The average size of a sukuk fund in the region is just $43 million, but collectively they serve as a measure of secondary market activity and a barometer for the larger and more lucrative business of private investment mandates. As the market sees sukuk funds continue to perform well, in line with, and on occasion outperforming their conventional peers, a significant rise over the next five years in segregated account mandates is expected to take place. The largest six sukuk funds oriented to Gulf investors hold almost half of all the assets of such funds.