Islamic Finance News Publishes Article Written by Saturna’s Patrick Drum
Bellingham, WA, May 10, 2024 – An article by Patrick Drum, portfolio manager and senior investment analyst at Saturna Capital, was published by Islamic Finance News on May 7, 2024. The article explained the attributes of US dollar-denominated sukuk.
Sukuk are Islamic-compliant financial certificates. The largest portion of the global sukuk market is denominated in Malaysian ringgit. In Mr. Drum’s article, he examined the investment attributes of sukuk denominated in the US dollar, especially those issued by the countries of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates). To elaborate on the ways in which sukuk behave in the market, the article featured comparative tables of risk-adjusted returns and standard deviations against benchmark indices.
Patrick Drum, MBA, CFA®, CFP®, is a senior investment analyst and portfolio manager of Saturna Sustainable Bond and Amana Participation funds. He is a former adjunct professor of finance for the Sustainable MBA Program at the Bainbridge Graduate Institute (BGI) currently known as Presidio Graduate School. Mr. Drum holds a BA in economics from Western Washington University and an MBA from Seattle University Albers School of Business. He is a Chartered Financial Analyst (CFA) charterholder and a Certified Financial Planner™. Mr. Drum joined Saturna Capital in October 2014.
About Saturna Capital Corporation
Active Investing to Reflect Your Values
Saturna Capital Corporation, established in 1989 in Bellingham, Washington, USA, is a private, employee-owned investment adviser with US$8.5 billion in assets under management, providing investment advisory services to mutual funds, institutions, businesses, individuals, and endowments. Saturna Capital is adviser to the Amana Mutual Funds Trust, the oldest and largest family of funds in the US that follow principles of Islamic finance. Saturna Capital is also adviser to the US-based Sextant Mutual Funds and Saturna Sustainable Funds.
For more information about Saturna Capital, visit www.saturna.com.
About the CFA Credential
The Chartered Financial Analyst (CFA) charter is a globally respected, graduate-level investment credential awarded by CFA Institute — the largest global association of investment professionals. There are currently more than 160,000 CFA charterholders working in 164 countries and regions. To earn the CFA charter, candidates must: 1) pass three sequential, six-hour examinations; 2) have at least four years of qualified professional investment experience; 3) join CFA Institute as members; and 4) commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct. For more information visit www.cfainstitute.org.