Emirates NBD Asset Management manages new strategies for Al Hilal Takaful

Emirates NBD Asset Management manages new strategies for Al Hilal Takaful
Al Hilal Takaful’s policies will be linked to three investment strategies
Emirates NBD EMIRATESNBD 0.62% 8.15 0.05

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.

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Source: Mubasher

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