Algebra Capital and Elaf Bank launch 'The Sukuk Fund'
Algebra Capital and Elaf Bank have announced the launch of The Sukuk Fund today (the 'Fund').
Targeting an initial size of $100m and returns above 8%, the open ended fund seeded by Elaf Bank and managed by Algebra Capital will provide exposure to Shari'a compliant securities issued in the MENASIA region. Elaf Bank will also serve in an advisory capacity on the Fund's Investment Committee.
'We are very happy to be launching and managing The Sukuk Fund, and on working with Elaf Bank. This will be the second fund managed by Algebra Capital in its fixed income line of business,'
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