Ethical Asset Manager Launches ‘First Shariah-Compliant Investment Sukuk’
Ethical Asset Management (EAM), a UK-based asset management firm that complies with Islamic Shariah law on finance, claims to have launched the world’s “first true” investment sukuk (Islamic bond) for Muslims.
A multimillion equity-only investment fund will be raised in order to buy assets in Britain’s booming student accommodation market as cities across the country struggle to meet the property needs of their university students.
The instrument will be called the Ethical AM UK Student Accommodation Investment Sukuk …