Hong Leong launches Sharia structured fund
The Malaysian bank's Islamic insurance arm joins forces with Citi to offer a Sharia-compliant investment product.
Hong Leong Tokio Marine Takaful has launched a structured product that provides Malaysian investors with principal protection and returns that are compliant with Islamic law.
The Capital Protection Investment Link Fund is a three-year scheme that uses the Sharia concepts of wa'd to generate returns and murabaha to provide a capital guarantee. The investment is benchmarked against two asset classes property, in the form of the European Public Real Estate Index and the Tokyo Stock Exchange Reit Index, and a...
To continue reading, please login or register for free