Azzad analysis featured in 2014 Thomson Reuters Sukuk Report
Paper focuses on challenges and opportunities of investing in global Islamic bonds
(Falls Church, Virginia, 12/3/13) – An analysis of the international sukuk market prepared by Azzad Asset Management has been published in the 2014 Thomson Reuters Sukuk Perceptions and Forecast Study. The research paper, which focuses on sukuk investing from a practitioner’s perspective, was produced by Azzad’s fixed-income research team.
“We often hear about the theoretical application of sukuk investing and Islamic finance in general,” said Azzad analyst Ahsan Raheem, CFA, the paper’s lead author. “Our analysis highlights some of the practical issues facing sukuk investors. They come from our experience at Azzad constructing and managing a portfolio of Islamic fixed-income investments, including sukuk, for the Azzad Wise Capital Fund.”
The Azzad Wise Capital Fund (NASDAQ: WISEX) is the first halal fixed-income mutual fund in the United States, investing primarily in sukuk and Islamic bank deposits. The fund celebrated its three-year anniversary in April.
The 2014 Sukuk Perceptions and Forecast Study, produced by Thomson Reuters, was launched in November at the Global Islamic Economy Summit in the United Arab Emirates, organized by Thomson Reuters and the Dubai Chamber of Commerce and Industry. It is based on a comprehensive survey of sukuk lead arrangers and investors, predominantly based in Islamic markets in the Middle East, North Africa, and Southeast Asia, conducted in August and September 2013. The primary empirical data gathered from the survey was developed to provide forward-looking analytics on the appetites and preferences of sukuk investors for 2013 and beyond.
Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, is committed to providing investment services designed to help clients enjoy optimum performance without compromising their values. The firm, recognized as the Best Islamic Asset Management Company in the Americas in 2013 by Islamic Finance News, is a registered investment advisor with the SEC and based in Falls Church, Virginia.
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