Based on the Dow Jones Sukuk Index as a benchmark, the ASB Global Sukuk Fund will comprise a diversified portfolio of actively managed sukuks and will be available to all types of investors.

Dubai, UAE: ASB Capital , a leading asset and wealth management firm with assets under management of US$4.7 billion, has announced the launch of its new ASB Global Sukuk Fund in partnership with Arqaam Capital, a leading financial services firm with a dedicated fixed income team .

The fund, based in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), is a protected cell subsidiary of ASBC Cross-Asset Fund Open-Ended PCC plc . The fund aims to achieve sustainable annual dividend income and long-term capital growth through a diversified portfolio of actively managed investment grade Sukuk . The fund's investment strategy combines disciplined credit selection with a macro view of the global economy to manage risk, control duration, and exposure to return fluctuations .

On this occasion, Hisham Gohary, Senior CEO of ASB Capital , stated: “ The ASB Global Sukuk Fund is designed to meet the basic requirements for building a diversified portfolio focused on fixed income instruments, which in turn aims to provide stability and enhance long-term value growth. At ASB Capital, we are always committed to providing innovative investment solutions that align with the long-term goals of both our institutional and individual clients. Although the sukuk market surpassed the USD 1.2 trillion mark in 2024, it remains underrepresented in global investment portfolios. This fund represents a structured and efficient way to access a vital and growing asset class, underpinned by solid financial fundamentals and proven performance across various market cycles.”

Mehdi Boubot, Managing Director and Portfolio Manager of Shariah-Compliant Fixed Income Strategies at Arqaam Capital, said: “Our partnership with ASB Capital on this fund reflects our strong belief in the importance of sukuk as a core asset class in global fixed income portfolio allocation . Our investment approach has proven effective across various market cycles. We look forward to leveraging our extensive experience to provide investors with a unique source of risk-adjusted returns, especially in today’s volatile profit rate environment .”

According to Fitch Ratings, the global sukuk market is expected to grow through 2025, driven by increasing financing needs, diversified asset allocation strategies, increased investor appetite, and supportive regulatory reforms . The ASB Global Sukuk Fund is now available to corporate investors, family offices, financial institutions, insurance companies, and high-net-worth individuals seeking diversified and differentiated fixed-income exposure.

ASB Capital is committed to providing innovative investment solutions to meet the evolving needs of institutional and individual investors. With its focus on sustainability and long-term growth, the company aims to meet the region's growing demand for investment strategies aligned with global financial trends.

For more information, please visit: https://asbc.com/

About ASB Capital:

ASB Capital is a specialized, managed asset management firm that strives to provide customized wealth solutions to its clients, including high-net-worth individuals, family offices, corporations, and institutions. With a strong foundation that extends back to the legacy of Al Salam Bank, the firm offers a wide range of services in public and private markets, investment banking, and capital raising. Licensed by the Dubai Financial Services Authority, the firm is dedicated to providing performance-based financial solutions that drive sustainable growth and deliver long-term value.

For media inquiries related to the press release, please contact: ASBC_PR@houbaracomms.com

About Capital Numbers:

Arqaam Capital is a leading financial services firm specializing in emerging and frontier markets. Through a broad range of services, including sales and trading, investment banking, asset management, research, wealth management, principal finance, and digital services, Arqaam Capital delivers innovative solutions to over 1,500 institutional clients regionally and globally. The company operates from offices in the UAE, Egypt, Lebanon, and Saudi Arabia. For more information, please visit our website: www.arqaamcapital.com or contact us via email: media@arqaamcapital.com .

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