From left to right: Chandru Bhatia, Portfolio Manager, Rasmala. Rob Langston, Editor, MENA Fund Manager
|Dubai, Wednesday 27 January 2016: Rasmala has received the awards of Best Global Sukuk Fund for the Rasmala Global Sukuk Fund and Outstanding Performance & Innovation for the Rasmala Trade Finance Fund by MENA Fund Manager.
The MENA Fund Manager awards recognize the best of the region’s fund and asset managers that have outperformed their peers over the past 12 months. The judges based their decision on the fund performance as well as other structural criteria.
As of 31st of December 2015, Rasmala Global Sukuk was at the top of its peer universe and has recorded a return of 2.18%, outperforming its benchmark by 0.59%. The Rasmala Trade Finance Fund has achieved a return of 4.43% and has financed over USD 83 million in trade related financings.