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...

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