ASB Capital, with $10.2B in assets, launches Sharia-compliant liquidity fund

What's the deal? ASB CapitalDealroom has a profile for this one. Try Dealroom →, an asset and wealth manager with $10.2 billion under management, has launched the ASB Liquidity Fund. The Sharia-compliant money market fund targets capital preservation, daily liquidity, and risk-adjusted returns.

What's the endgame? The fund invests in a diversified portfolio of high-quality short-term deposits and sukuk issued by governments, government entities, banks, and other eligible issuers across the Gulf Cooperation Council and wider Middle East and North Africa. The portfolio is actively managed to keep volatility low.

Why now? The fund addresses a practical problem: managing short-term cash through direct deposits requires constant monitoring of profit rates, maturities, and reinvestment. ASB Capital bundles those tasks into one actively managed portfolio, cutting the administrative burden.

The launch broadens ASB Capital's platform, letting it serve investors across the full spectrum of risk and liquidity — from daily cash management to longer-term public and private market investments.

"This launch represents an important step in continuing to develop ASB Capital's investment platform across different risk levels," said managing director Rafiq Al-Nayed.

Hussein Abdul Haq, chief executive officer of treasury at Al Salam BankDealroom has a profile for this one. Try Dealroom →, said the fund "responds to a fundamental requirement shared by institutions, companies and individual investors, namely managing available cash efficiently while preserving liquidity and capital."

The signal: By adding a money market product, ASB Capital fills the lowest-risk rung of its offering, positioning itself to capture cash allocations alongside its public and private market strategies in the Gulf region.

Read more: alroya.om

Image credit: Se.By.