hong-leong-launches-sharia-structured-fund

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 basket of commodities, comprising oil, copper and zinc.

At maturity, returns are calculated depending on whichever asset class has performed better. If property outperforms, the portfolio will comprise 70% property and 30% commodities, and vice...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222