Bahrain-based Tharawat Investment House has distributed more than nine per cent of sukuk profits for its key fund.
The Islamic investment, which was regulated by the Central Bank of Bahrain, has announced the distribution of profits for Tharawat Sukuk Fund in excess of 9pc, which became due last month for the first six-month period from February to September.
The announcement by Tharawat of the distribution of profits on time comes against a backdrop of ongoing fluctuations on the world and regional markets, reflecting the strength of the company's performance, its portfolio and sound strategy pursued by the portfolio for generating high returns to its investors.
The fund buys sukuk on the preliminary and secondary capital markets.