Kuala Lumpur-based BIMB Investment Management has worked with UK-based Arabesque to launch what it claims is the world’s first ESG shariah bond fund.
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Kuala Lumpur-based BIMB Investment Management has worked with UK-based Arabesque to launch what it claims is the world’s first ESG shariah bond fund.
The product is the first 10-year sukuk launched by an AAA-rated government, according to the HKMA.
The Irish unit of Malaysia-headquartered CIMB-Principal Islamic Asset Management has launched its first global sukuk Ucits fund.
The strong development of Islamic finance is “a reflection of genuine retail demand,” said Mohieddine Kronfol, chief investment officer of global sukuk and MENA fixed income.
The government’ second Islamic bond offering has attracted $2bn in orders, mainly from private banks and fund managers in the Middle East and Asia.
In connection with a potential second US dollar sukuk, the government said it has given several mandates. HSBC and Standard Chartered Bank are joint global coordinators, joint lead managers and joint bookrunners, and CIMB and National Bank of Abu Dhabi PJSC are joint lead managers and joint bookrunners. This month, the parties will arrange a […]
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