Dubai - Mubasher: Emirates NBD Asset Management on Sunday announced that it has been appointed by Al Hilal Takaful to manage three risk-graded Sharia-compliant investment strategies.
Through Emirates NBD Asset Management’s range of Sharia products, Al Hilal Takaful’s policies will be linked to three investment strategies, according to a statement.
The Conservative Strategy is a sukuk-focused mandate, while the Balanced and Growth strategies “will access global sukuk, global and MENA equities, and emerging markets,” UAE-based Emirates NBD revealed.
Al Hilal Takaful, a wholly-owned subsidiary of Bahrain’s Ahli United Bank (AUB), is Bahrain’s top family Takaful services provider.
“We now have access to the investment capabilities of one of the region’s best Sharia-compliant fund managers. Their fund range is among the broadest and best-performing in the industry,” Emanuel Lantzos, CEO of Al Hilal Takaful, said.
Meanwhile, Emirates NBD Asset Management senior executive officer Salman Bajwa commented that he was pleased “that [Al Hilal Takaful’s] low-risk mandate will be run by the same fixed income team that manages the award-winning Emirates Global Sukuk Fund.”
Emirates NBD Asset Management is the wholly-owned subsidiary of Emirates NBD Bank, one of the largest banks by assets in the MENA region in general and in the UAE in particular.