Al Hilal Fund Pays Dividend

Al Hilal Bank has announced the first dividend payout by its flagship fund, Al Hilal Global Sukuk Fund.

The fund, which was launched in March 2012, will distribute a 4.36 per cent dividend, and all registered unit holders of the fund, as of Dec. 31, 2012, will be eligible to receive this dividend, according to a press release.

Al Hilal Global Sukuk Fund’s objective is to generate regular income and to achieve capital appreciation by investing in globally diversified Shariah-compliant fixed-income securities (Sukuk) issued by sovereign, quasi-sovereign, and corporate organisations.

Times of Oman