BAHRAIN: SICO, an asset management firm, has signed a distribution agreement with Al Baraka Islamic Bank to offer SICO’s Elzaad Sukuk Fund to the bank’s premium banking clients. Under the arrangement, Al Baraka will provide its accredited clients access to the Shariah compliant fixed-income fund through its platform. The Elzaad Sukuk Fund invests in a diversified portfolio of sovereign, quasi-sovereign and corporate Sukuk, primarily in the GCC, and is regulated by the Central Bank of Bahrain.
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