IslamicFinance.de

Sukuk, Islamic equivalent bonds, are beyond the boundaries of many portfolio managers of advanced economies. But in the Islamic finance world, it's the non-Islamic sukuk issuers that are non-conventional, and this is where Azzad Asset Management sees value. Ihab Salib, the lead portfolio manager for the firm's sukuk fund, the Azzad Wise Capital Fund (WISEX) said, "Currently we see value in some of the non-conventional issuers". "As maiden issuers in the market, they need to price the sukuk generously so as to tempt investors," he commented. South Africa's September issuance was a case in point.