The Bank of London
BLME sees strong performance from Middle East Sharia'a USD income Fund
Tue, 2011-02-08 11:41 — newsdeskThe Bank of London and The Middle East's (BLME) Sharia’a USD Income Fund has been ranked in the top decile of funds for 2010 by Lipper Hindsight, Thomson Reuters’ fund ranking platform.
This is proof of the fund’s good performance and its ability to provide a good balance between liquidity and return in a challenging environment.
Since its launch in March 2009 BLME’s USD Income Fund has offered investors weekly liquidity and enhanced yields through investment in Islamic money markets and the Sukuk (Islamic Bond) market.
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