ASB Capital, an asset and wealth management firm, has announced the launch of its new ASB Global Sukuk Fund in collaboration with Arqaam Capital.
This fund, located in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority, is designed to achieve a sustainable annual income and long-term capital growth through a diversified portfolio of actively managed Sukuk investments. The investment strategy combines disciplined credit selection with a macroeconomic outlook to manage risks, control duration, and exposure to yield fluctuations.
Hisham Jowhari, the Chief Executive Officer of ASB Capital, stated, “The ASB Global Sukuk Fund has been created to meet the essential needs of building a diversified portfolio focused on fixed-income instruments, aimed at providing stability and fostering value growth over the long term.”
At ASB Capital, we are committed to delivering innovative investment solutions aligned with the long-term objectives of our institutional and individual clients. Despite the Sukuk market exceeding $1.2 trillion in 2024, it has not been adequately represented within global investment portfolios. This fund serves as a structured and efficient means to access this increasingly vital and growing asset class, which is grounded in solid financial fundamentals and consistent performance across various market cycles.
Furthermore, Mahdi Boubout, Executive Director and Manager of Islamic Compliant Fixed Income Strategies at Arqaam Capital, commented, “Our partnership with ASB Capital in this fund reflects our strong belief in the significance of Sukuk as a core asset class in global fixed-income allocation. Our investment approach has consistently proven effective across different market cycles, and we look forward to utilizing our expertise to provide investors with a unique source of risk-adjusted returns, particularly in the current fluctuating interest rate environment.”
Market Growth
According to Fitch Ratings, the global Sukuk market is expected to experience growth in 2025, driven by increasing financing needs, diversified asset allocation strategies, rising investor interest, and supportive regulatory reforms.
The ASB Global Sukuk Fund is now available for investments from corporations, family offices, financial institutions, insurance companies, and high-net-worth individuals seeking a distinctive and diversified fixed-income offering.
ASB Capital, managing assets amounting to $4.5 billion, provides innovative investment solutions to meet the evolving needs of institutional and individual investors, with a focus on sustainability and long-term growth.