Zawya – MENA Funds Directory 2012online.wsj.com/adimg/assetmanagement-related_zawya.pdf ·...

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Premium Sponsors

2012MENA Funds Directory

This document is provided by Zawya LLC for guidance only, and does not constitute any form of advice, recommendation, representation, endorsement or arrangement of any kind. The information provided herein is for your general information and use only and is not intended to address your particular requirements, and should not be used as a substitute for consultation with professional advisers. Before making any decision or taking any action, you should consult with a professional adviser who has been provided with all the pertinent facts relevant to your particular situation.

Data included in this publication is believed to be accurate, but is provided “as is”, with no assurance or guarantee of completeness, accuracy or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability and fitness for a particular purpose. Zawya LLC holds all copyrights to this document and no part thereof may be reproduced or replicated without prior explicit and written permission.

All Rights Reserved. www.zawya.com

DisclaimerCopyright © 2012 Zawya

MENA FUNDSDIRECTORY 2012

ABOUT THE DIRECTORY


Your Free Guide to the Rapidly Growing Regional Funds Marketplace

With over 550 funds listed, Zawya’s 2012 MENA Funds Directory is the only directory of its kind, with the most complete funds listing in the Middle East & North Africa. Providing the broadest overview of regional funds and providers, it is the quickest way for investors targeting the MENA funds industry to locate funds, strategies and management firms that meet their criteria.

Featuring objective and concise fund profiles, the 2012 MENA Funds Directory provides in-depth insight into the key strategies & tactics from the most accurate and reliable data available. Organized alphabetically by asset type, country and fund manager, each fund profile contains essential fund information and data, including:

Fund & Managers’ Names Inception Dates and Currency Domicile and Geographical Coverage Investment Strategy Breakdown Structural and Subscription Details

As the number of MENA funds continues to grow, so does the need for accurate, consistent and easily accessible information. The Zawya Funds Team is dedicated to providing increased transparency, education and connectivity to the regional funds industry.

ABOUT ZAWYAZawya is the leading online business intelligence platform focusing on the Middle East and North Africa, with over 1,000,000 professionals from around the world using our services, including the Zawya Funds Monitor, to find and connect to the right business and investment opportunities in the region.

Our wide range of unique content and tools include detailed profiles of the top companies in the Middle East, Zawya Dow Jones live news, comprehensive industry and asset class research, as well as an exclusive online network for professionals focusing on the region.

Subscribers to Zawya’s Funds Monitor service receive online access to the database, funds analytics, exclusive funds ranking and news, as well as the Zawya Funds Insight, our monthly newsletter featuring fund manager interviews and articles from experts on regional funds.

For more information please contact:

Zawya Funds Monitor

+971 4 233 8124

[email protected]

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Zawya Mena Dir FP.ai 1 12/5/11 5:28 PM

Contact: Stephen CarriereHead of Marketing and Corporate CommunicationsQatar Financial Centre AuthorityE-mail: [email protected]: +974 44967784www.qfc.com.qa

Shashank Srivastava

Qatar Financial CentreAuthority

Fund management is an increasingly vibrant sector of the Gulf �nancial services industry. There are sound reasons to believe that the industry is in good shape regionally and that its prospects are promising. In the last few years, fund management in MENA has matured on several crucial criteria. More �rms – regional and international – have entered the market, local investors are increasingly showing greater interest in employing the services of �rms doing business in domestic markets and the range of products (including Sharia’a compliant investments) has increased.

Robust economies have underpinned the industry’s expansion. Hydrocarbon prices have fuelled growth and rising per capita incomes and helped to create signi�cant pools of wealth. Bank of America Merrill Lynch estimated GDP growth in MENA and the GCC at 5.8% and 6.9% respectively in 2011. The bank’s corresponding forecasts for 2012 are 4.0% and 3.9%, still healthy rates. Looking further ahead, growing and wealthier populations will also stimulate the need for closely related services such as insurance. The MENA region’s intensifying ties with Asia and the Paci�c will be another source of strength in the future.

Several countries in the region are taking steps to further support the fund management industry. Legal, regulatory and tax environments for basing asset management operations in the region are among the most business-friendly in the world. Moreover, these regimes are evolving to better meet the needs of regional companies and others from outside the region looking to extend or establish their business in the Gulf.

This Directory is a welcome initiative which will improve the quality of information in the market and is in itself a sign of how the Gulf fund management industry is maturing. All in all, I believe there is a strong case for being optimistic about the development of the fund management industry in our region.

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QFCA FundsDirectory Advert - FinalUD.pdf 1 1/11/2012 3:48:16 PM

THE RIGHT FUND RESEARCH THE RIGHT KNOWLEDGE THE RIGHT INVESTMENT DECISION

Copyright © 2012 by Standard & Poor’s Financial Services LLC (S&P), a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved. STANDARD & POOR’S, S&P, GLOBAL CREDIT PORTAL, are registered trademarks of Standard & Poor’s Financial Services LLC. Capital IQ is a registered trademark of Capital IQ, Inc.

S&P Capital IQ and its affiliates provides a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address. An S&P Capital IQ fund rating is not investment advice, is not intended for any particular investor and past performance is not necessarily indicative of future results.

Demonstrating excellence in a crowded and critical market can be tough for a fund manager. Selecting the best funds to meet investment objectives is equally tough for wealth managers.

Let the wisdom gained over more than 20 years of international qualitative fund research help share the load.

+44 207 176 8500 www.fundsinsights.com

This is a non-retail communication; it is not intended for retail clients.

Content


Balanced Funds

Capital Guaranteed Funds

Capital Protected Funds

Equity Funds

Feeder Funds

Fixed Income Funds

Fund of Funds

Hedge Funds

Hedge Feeder Funds

Hedge Fund of Funds

Index Funds

IPO Funds

Money Market Funds

REITs

Sector Funds

Sukuk Funds

Trade Finance Funds

17

31

35

39

195

201

225

257

263

269

273

287

293

319

327

343

355

19

Asset Type GEO Coverage

Domicile Currency

Inception Date Shariah Compliant

Min Subscription

Min Subscription Notes

Eligibility

Objective

Investment Strategy

Egypt Balanced Funds


Fund Manager: AT - Asset ManagementAT - Asset Management

Al Baraka Bank Egypt

Balanced

Egypt

August-2010

EGP 1,000

In multiples of 1 unit thereafter

Open to all investors

To achieve capital appreciation

The fund’s assets will be invested mainly in a diversified portfolio of Shariah compliant equities of companies listed on the Egyptian stock exchange. The fund will also invest in fixed income Shariah compliant securities.

For more information please visit our platform on www.zawya.com/funds

Zawya Code TAABRKA.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Balanced

Egypt

October-2010

EGP 10,000

In multiples of EGP 100 thereafter



The fund’s assets will be invested mainly in fixed and variable income securities and in equities of companies listed on the Egyptian stock exchange and global depository receipts of Egyptian companies.

Zawya Code BLTASGI.MF

Egypt

EGP

NO

Fund Manager: Beltone Asset ManagementAT - Asset Management

National Société Générale Bank Fund II

20


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy



Fund Manager: Blominvest BankAT - Asset Management

BLOM Pyramids Balanced Fund

Balanced

Lebanon

June-2010

1 unit

In its multiples thereafter


To generate superior risk-adjusted returns while insuring long-term capital preservation

The fund’s assets will be invested mainly in equities listed on the Egyptian stock exchange as well as in fixed income securities.


Zawya Code BLMPYRA.MF

Egypt

USD

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Balanced

Egypt

March-2008

5 units


Principle Bank for Development and Agricultural Credit


To achieve capital growth along with generating income

The fund’s assets will be invested mailny in a balanced portfolio of fixed income instruments and equities listed on Cairo and Alexandria Stock Exchange.

Zawya Code EFGMASS.MF

Egypt

EGP

NO

Fund Manager: EFG-Hermes HoldingAT - Asset Management

Al Massy Fund

21

Egypt

USD

NO

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy



Fund Manager: El Ahly Fund ManagementAT - Asset Management

Bashaer Fund

Balanced

Egypt

February-2008

10 units



To achieve capital growth

The fund’s assets will be invested in a diversified portfolio of Shariah compliant Egyptian equities, Islamic Deposits, and other Islamic mutual funds.


Zawya Code AHLBAIF.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Balanced

Egypt

September-1994

1 unit


National Bank of Egypt


To achieve capital growth along with reducing related risk

The fund’s assets will be invested mainly in a diversified portfolio of financial securities including stocks, bonds, and local treasury bills. The fund may also invest in other funds.

Zawya Code AHLNBE1.MF

Egypt

EGP

NO


National Bank of Egypt Fund I

22


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy




National Bank of Egypt Fund II

Balanced

Egypt

October-1995

5 units





The fund’s assets will be invested mainly in a diversified portfolio of securities including stocks and bonds. The fund may also invest in local and foreign money market instruments.



Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Balanced

Egypt

May-2007

1 unit





The fund’s assets will be invested mainly in a diversified portfolio of equities and fixed income instruments. The fund may also invest in Treasury Bills.


Egypt

EGP

NO

Fund Manager: El Ahly Fund Management

National Bank of Egypt Fund V

23

Egypt

EGP

NO

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy



Fund Manager: HC Securities and Investment

Credit Agricole Egypt Fund IV

Balanced

Egypt

July-2011

10 units



To achieve medium to long term capital appreciation with moderate risk

The fund’s assets will be invested mainly in equities of companies listed on the Egyptian Stock Exchange and in fixed income instruments.


Zawya Code HCSCAFF.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Balanced

Egypt

June-1996

1 unit


Société Arabe Internationale de Banque


To achieve capital gain while generating a stream of dividends

The fund’s assets will be invested mainly in a diversified group of Egyptian securities that includes equities, money market instruments and fixed income instruments.

Zawya Code PRISAB1.MF

Egypt

EGP

NO

Fund Manager: Prime Investments Asset ManagementAT - Asset Management

Société Arabe Internationale de Banque I

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Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy



Fund Manager: Prime Investments Asset Management - Asset Management

Société Arabe Internationale de Banque II

Balanced

Egypt

September-1997

5 units




To achieve capital appreciation along with generating stable income

The fund’s assets will be invested mainly in a diversified group of Egyptian securities that includes equities, money market instruments and fixed income instruments.



Egypt

EGP

NO

Jordan Balanced Funds



Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Blominvest Bank

BLOM Petra Balanced Fund (USD Share)

Balanced

Lebanon

August-2008

1 unit



To achieve superior risk-adjusted returns while insuring long-term capital preservation

The fund’s assets will be invested mainly in Jordanian fixed income instruments. The fund will also invest in listed Jordanian equities to a lower extent.

Zawya Code BLMBPBU.MF

Jordan

USD

NO

25

Egypt

EGP

NO

Jordan

USD

NO

Jordan Balanced Funds




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Balanced

Jordan

September-2001

JOD 500




To achieve medium to long term capital appreciation

The fund’s assets will be invested in a portfolio of diversified securities such as equities listed on the Amman stock exchange, money market securities and debt instruments denominated in Jordanian Dinar.

Zawya Code THBJRDN.MF

Jordan

JOD

NO

Fund Manager: The Housing Bank for Trade and Finance- Asset Management

Jordan Securities Fund


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Kuwait Balanced Funds


Fund Manager: Bayan Investment Company- Asset Management

Ea’mmar and Estethmar Fund

Balanced

Kuwait

December-2004

1,000 units



To achieve long term capital appreciation

The fund’s assets will be invested mainly in a balanced portfolio of Shariah compliant Kuwaiti real estate equities and money market instruments.

Zawya Code BICEMES.MF

Kuwait

KWD

YES

26



Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Capital Bank of Jordan Asset Management

Horizon Fund

Balanced

Jordan

March-2005

10 units




The fund’s assets will be invested in a diversified portfolio of listed equities, money market securities and debt instruments in the MENA region.

Zawya Code CAPHRZN.MF

MENA

JOD

NO

MENA Balanced Funds



Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Blominvest Bank- Asset Management

BLOM Cedars Balanced Fund (Tranche A)

Balanced

Lebanon

January-2008

1 unit



To achieve superior risk-adjusted returns while ensuring long-term capital preservation

The fund’s assets will be invested mainly in Lebanese equity and fixed income securities.

Zawya Code BLMBCBF.MF

Lebanon

USD

NO

Lebanon Balanced Funds


27

MENA

JOD

NO

Lebanon

USD

NO

MENA Balanced Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Emirates NBD Asset Management Limited Management

Emirates MENA Opportunities Fund Institutional Share (P Share Class)

Balanced

Channel Islands

March-2010

USD 5,000,000

In multiples of USD 250,000 thereafter

Open to all institutional investors excluding US investors


The fund’s assets will be invested in a diversified portfolio of Shariah compliant investments, predominantly equities. It will distribute its investments across the MENA region with a focus on the GCC.

Zawya Code EBKEMOP.MF

MENA

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Emirates NBD Asset Management Limited

Emirates Islamic Global Balanced Fund (A Share Class)

Balanced

Channel Islands

April-2006

USD 25,000


Open to all investors excluding US investors

To achieve long term capital growth

The fund’s assets will be invested mainly in a Shariah compliant global multi asset class portfolio including but not restricted to, investments in Murabaha, Sukuk, Real Estate and Equity.

Zawya Code EBKEIGB.MF

MENA

USD

YES

Issued in December 2011

28

MENA Balanced Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Royal Capital PJSCAsset Management

Royal Capital MENA Multi-Market Strategy Fund

Balanced

Bahrain

January-2011

USD 250,000


Open to qualified investors (Please refer to the prospectus)

To achieve long term capital appreciation with moderate risk

The fund’s assets will be invested mainly in fixed income and equity instruments across the MENA region and to a lesser extent in commodity linked financial instruments.

Zawya Code RYLMMMS.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Jordan Investment Trust Asset Management

First Trust Fund

Balanced

Jordan

June-2000

10 units




The fund’s assets will be invested mainly in a diversified portfolio of listed equity securities and fixed income instruments in the MENA region.

Zawya Code JITFRST.MF

MENA

JOD

NO

29

MENA

USD

NO

MENA

JOD

NO

Saudi Arabia Balanced Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB CapitalAsset Management

AlAhli Saudi Dynamic Trading Equity Fund (A)

Balanced

Saudi Arabia

March-2010

SAR 10,000

In multiples of SAR 2,000 thereafter



The fund’s assets will be allocated dynamically in two asset types. The fund manager will invest in equities during positive market conditions and Murabaha assets during declining market conditions.

Zawya Code NCBKSAA.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Falcom Financial ServicesAsset Management

Falcom Multi Asset Fund

Balanced

Saudi Arabia

June-2008

SAR 2,000

In multiples of SAR 200 thereafter for Individual Investors



The fund’s assets will be invested in a diversified portfolio of Shariah compliant investment securities in Saudi Arabia such as Murabaha, Sukuk, investment funds and equity securities.

Zawya Code FALMUAF.MF

Saudi Arabia

SAR

YES

30

Saudi Arabia Balanced Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalAsset Management

Islamic Balanced Income Fund

Balanced

Saudi Arabia

March-2005

SAR 5,000



To achieve capital appreciation along with steady income

The fund’s assets will be invested mainly in a diversified portfolio of Shariah compliant Saudi equities and fixed income instruments.

Zawya Code RYDISBL.MF

Saudi Arabia

SAR

YES

31

Saudi Arabia

SAR

YES

33

Egypt Capital Guaranteed




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdingsset Management

Al Watany Bank of Egypt Fund

Capital Guaranteed

Egypt

August-2006

10 units


Al Watany Bank of Egypt


To achieve capital protection and periodic income distribution

The fund’s assets will be invested mainly in a diversified portfolio of Egyptian equities and fixed income instruments in order to protect the invested capital.

Zawya Code EFGWTNY.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Cairo Funds ManagementAsset Management

Banque Misr Capital Guaranteed Fund

Capital Guaranteed

Egypt

October-2003

1 unit




The fund’s assets will be invested mainly in the equities listed on the Egyptian stock exchange. The fund may also invest in fixed income securities.

Zawya Code CAIMBCG.MF

Egypt

EGP

NO

34

Kuwait Capital Guaranteed




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Coast Investment and Development Companysset Management

Coast Pearl Fund

Capital Guaranteed

Kuwait

April-2008

1,000 units

In their multiples thereafte


To replicate the performance of the benchmark

The fund’s assets will be invested mainly in equities listed on the Kuwaiti Stock Exchange as per the FTSE Coast Kuwait 40 Index. The fund, at maturity, will provide investors with a 100% capital protection

Zawya Code CICPERL.MF

Kuwait

KWD

NO

35

Kuwait

KWD

NO

37

Egypt Capital Protected




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi Capitalset Management

Al Rajhi GCC Shares Capital Protected Fund (90%)

Capital Protected

Saudi Arabia

July-2010

SAR 10,000



To achieve 90% capital protection and generate capital gains

The fund’s assets will be invested mainly in commodities on a deferred payment basis. The fund shall also invest to a lower extent in a dynamic portfolio of stocks with the objective of achieving capital gains.

Zawya Code RAJPROT.MF

GCC

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: CI Asset Managementsset Management

Commercial International Bank Fund IV

Capital Protected

Egypt

September-2010

50 units



To protect the capital and achieve capital returns

The fund’s assets will be invested mainly in Egyptian equities and fixed income instruments. The fund may also invest in other Egyptian mutual funds.

Zawya Code CIBCIAM.MF

Egypt

EGP

NO

GCC Capital Protected


38

Saudi Arabia Capital Protected




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Alinma Investment Companyet Management

Alinma Saudi Riyal Liquidity Fund

Capital Protected

Saudi Arabia

January-2011

SAR 5,000



To achieve capital protection and returns at minimal risk

The fund’s assets will be invested mainly in commodities, metals excluding gold and silver, and Sukuk.

Zawya Code ALNSRLF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi Capitalsset Management

Al Rajhi Local Shares Capital Protected Fund (90%)

Capital Protected

Saudi Arabia

July-2010

SAR 10,000



To achieve 90% capital protection and generate capital gains

The fund’s assets will be invested mainly in commodities on a deferred payment basis. The fund shall also invest to a lower extent in a dynamic portfolio of stocks with the objective of achieving capital gains.

Zawya Code RAJLSCP.MF

Saudi Arabia

SAR

YES

39

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES

41

Asia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ANB Investet Management

Al Arabi Asian Equity Fund

Equity

Saudi Arabia

August-2001

USD 2,000

In multiples of USD 500 thereafter

Open to Saudi citizens and residents


The fund’s assets will be invested mainly in equity securities of companies in the Pacific-Basin (ex-Japan).

Zawya Code ANBAAAE.MF

Asia Pacific

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Samba Capitalsset Management

Samba Capital Asian Equity Fund

Equity

Saudi Arabia

September-2011

USD 2,000



To achieve long-term capital growth

The fund’s assets will be invested mainly in Asian Equities. The fund may also invest in cash or money market instruments.

Zawya Code SMBAEFU.MF

Asia

USD

NO

Asia Pacific Equity


42

Asia Pacific Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB Capitalet Management

AlAhli Asia Pacific Trading Equity Fund

Equity

Saudi Arabia

May-2000

USD 2,000



To achieve competitive returns over the medium and long term

The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on stock exchanges in Asian Pacific countries. The Fund shall also invest short term cash surpluses in Murabaha transactions listed on major Asian Pacific countries.

Zawya Code NCBAAPT.MF

Asia Pacific

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia Limitedset Management

HSBC Amanah Asia Pacific Equity Fund

Equity

Saudi Arabia

October-2006

USD 2,000


Open to all investors provided that they open an account with HSBC Saudi Arabia


The fund’s assets will be invested mainly in listed Shariah compliant equities in Asia Pacific.

Zawya Code HSBAAPE.MF

Asia Pacific

USD

YES

43

Asia Pacific

USD

YES

Asia Pacific

USD

YES

Asia Pacific Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Fransi Capitalset Management

Al Naqaa Asia Growth Fund

Equity

Saudi Arabia

December-2005

USD 1,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on the major stock markets of the Asia Pacific Region.

Zawya Code BSFANAG.MF

Asia Pacific

USD

YES

44



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45

SICO GULF EQUITY FUND SICO SELECTED SECURITIES FUND SICO MONEY MARKET FUNDKHALEEJ EQUITY FUND SICO ARAB FINANCIAL FUND

Investment in these Funds carry significant risk and should be regarded as long term in nature and only suitable for investors who understand the risks involved and who are able to withstand the loss of all or part of their invested capital. The value of an investment in these Funds may decrease as well as increase and there is no assurance that these Funds will be profitable or that investors in these Funds will recover any of their invested amounts. Important information is contained in each fund’s prospectus. Prospectuses can be obtained through Securities & Investment Company.

Once again our outstanding risk-return performance has been recognised by Lipper, awarding two of our funds; the Khaleej Equity Fund and Al Aseel Islamic Equity Fund the ‘Best Equity GCC Fund over 5 years’ and the ‘Best MENA Equity Fund over 3 years’ respectively. These Lipper Fund Awards for 2011 prove once more that our superior regional insight and quality research provides investments with enviable long term returns. To find out more call us on +973 17 515000or visit www.sicobahrain.com.

We win the awards, you enjoy the rewards

9424 SICO-Lipper-Final A4.pdf 1 11/20/11 12:37 PM

47

Bahrain Equity



Shakeel Sarwar

Head of Asset Management

1331, Manama, Kingdom of Bahrain

+ 973 1 751 5000 Ext 5007

[email protected]

www.sicobahrain.com


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Equity

Bahrain

May-1998

1,000 units


Open to all investors provided that legislation in their country of citizenship, residence allows them to do so

To achieve medium to long term capital growth as well as dividend income

The fund’s assets will be invested mainly in equities listed or expected to be listed on the Bahrain Bourse.

Zawya Code SICOSSS.MF

Bahrain

BHD

NO

CONTACT DETAILS

Name

PO Box

Tel

Email

Website

SICO Selected SecuritiesFund Manager: Securities & Investment CompanyAT - Asset

48

China; India Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia Limitedt Management

HSBC Amanah China India Freestyle Equity Fund

Equity

Saudi Arabia

December-2005

USD 2,000




The fund’s assets will be invested mainly in equity securities of Indian and Chinese companies. The fund may also invest in short term money market instruments.

Zawya Code HSBCIEF.MF

China; India

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi Capitalsset Management

Al Rajhi India China Equity Fund

Equity

Saudi Arabia

May-2006

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant China and India equity securities.

Zawya Code RAJRICE.MF

China; India

USD

YES

49

China; India

USD

YES

China; India

USD

YES

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Amwal for Financial InvestmentsManagement

Pioneers Fund I

Equity

Egypt

June-2010

5 units




The fund’s assets will be invested mainly in a diversified portfolio of Egyptian equities. The fund may also invest in other mutual funds, bonds and Sukuks.

Zawya Code AFIPNF1.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Acumen Asset Managementsset Management

Misr Al Khair Fund

Equity

Egypt

March-2010

100 units




The fund’s assets will be invested mainly in equities of companies listed on the Egyptian stock exchange and global depository receipts of Egyptian companies to a lower extent. The fund may also invest in other investment securities.

Zawya Code BLTKHER.MF

Egypt

EGP

NO

50

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Beltone Asset Managementanagement

Beltone Equity Fund

Equity

Egypt

September-2010

500 units




The fund’s assets will be invested mainly in a diversified portfolio of companies listed on the Egyptian stock exchange using a technical analysis approach. The fund may also invest in unlisted securities, fixed income products and Sukuks.

Zawya Code BLTEQTF.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Arab African Investment Managementsset Management

Arab African International Bank Investment Fund

Equity

Egypt

February-1998

5 units




The fund’s assets will be invested mainly in a diversified portfolio of Egyptian equities. The fund may also invest in fixed income securities and mutual funds issued by other banks.

Zawya Code AABSHLD.MF

Egypt

EGP

NO

51

Egypt

EGP

NO

Egypt

EGP

NO

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Cairo Funds ManagementManagement

Arab Investment Bank Fund II

Equity

Egypt

May-2011

1 unit




The fund’s assets will be invested mainly in Shariah-compliant equities of companies listed on the Egyptian Stock Exchange. The fund will invest to a lesser extent in cash instruments.

Zawya Code CAIAIBF.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Beltone Asset Management et Management

Suez Canal Bank Equity Fund 2

Equity

Egypt

September-2008

EGP 10


Suez Canal Bank



The fund’s assets will be invested mainly in equities listed on the Egyptian stock exchange. The fund may also invest in fixed income and money market instruments.

Zawya Code BLTAGEF.MF

Egypt

EGP

NO

52

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: CI Asset Managementanagement

CIB and Faisal Islamic Bank of Egypt Fund

Equity

Egypt

October-2006

50 units




The fund’s assets will be invested mainly in the equities of companies listed on the Egyptian stock market.The fund may also invest in Sukuks and Certificates of Deposit.

Zawya Code CIBFIBF.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: CI Asset Managementsset Management

Commercial International Bank Fund II

Equity

Egypt

March-2006

10 units


Commercial International Bank (Egypt)



The fund’s assets will be invested mainly in medium to long term equities traded on the Egyptian stock exchange.

Zawya Code CIBISTH.MF

Egypt

EGP

NO

53

Egypt

EGP

YES

Egypt

EGP

NO

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdinganagement

EFG-Hermes Egypt Fund

Equity

Bermuda

August-1996

USD 10,000




The fund’s assets will be invested mainly in equity and the equity related securities of companies listed on the Egyptian Stock Exchange. The fund may also invest in unquoted securities.

Zawya Code EFGEGYT.MF

Egypt

USD

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Delta Rasmala Asset Managementet Management

ABC First Equity Fund

Equity

Egypt

August-2008

5 units


Arab Banking Corporation Egypt



The fund’s assets will be invested mainly in a diversified portfolio of Egyptian equities. The fund may also invest in other mutual funds.

Zawya Code DRAAFEF.MF

Egypt

EGP

NO

54

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdingnagement

Credit Agricole Egypt Fund II

Equity

Egypt

April-1997

5 units


Credit Agricole Bank


To achieve capital appreciation and income distribution

The fund’s assets will be invested mainly in equity and the equity related securities of companies listed on the Egyptian stock exchange.

Zawya Code EFGCRE2.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


EFG - Hermes Al Baraka Bank Egypt Fund

Equity

Egypt

June-2006

10 units


Egyptian Saudi Finance Bank



The fund’s assets will be invested mainly in Shariah compliant companies, conforming to the investment policy and restrictions specified by the Shariah Supervisory Board of the Egyptian Saudi Finance Bank.

Zawya Code EFGEGSA.MF

Egypt

EGP

YES

55

Egypt

EGP

NO

Egypt

EGP

YES

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


Credit Agricole Egypt Fund I

Equity

Egypt

October-1994

10 units


Credit Agricole Bank


To achieve capital appreciation and periodic income distributionThe fund’s assets will be invested mainly in equity and equity related securities of companies listed on the Egyptian Stock Exchange.


Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdinget Management

EFG-Hermes Egypt Growth Fund

Equity

Bermuda

October-2007

EGP 10,000

In multiples of EGP 1,000 thereafter


To achieve medium to long term capital growth

The fund’s assets will be invested mainly in Egyptian equities, and equity related securities. The fund may also invest in other financial instruments, such as bonds.

Zawya Code EFGEGGR.MF

Egypt

EGP

NO

56

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdingagement

Banque Du Caire Fund I

Equity

Egypt

November-1995

5 units


Banque du Caire



The fund’s assets will be invested mainly in equity and equity related securities of companies listed on the Egyptian Stock Exchange. The fund may also invest in bonds and T-Bills.

Zawya Code EFGBDC1.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


Faisal Islamic Bank of Egypt Fund

Equity

Egypt

December-2004

10 units


Faisal Islamic Bank of Egypt



The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on the Egyptian stock exchange.

Zawya Code EFGFAIS.MF

Egypt

EGP

YES

57

Egypt

EGP

NO

Egypt

EGP

YES

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


Egyptian Gulf Bank Fund

Equity

Egypt

May-1997

10 units


Egyptian Gulf Bank


To achieve capital appreciation and periodic income distributionThe fund’s assets will be invested mainly in equity and equity related securities of companies listed on the Egyptian Stock Exchange.

Zawya Code EFGEGGU.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdinget Management

Bank of Alexandria Fund I

Equity

Egypt

November-1994

10 units


Bank of Alexandria


To achieve capital appreciation and periodic income distribution

The fund’s assets will be invested mainly in equity and equity related securities of companies listed on the Egyptian Stock Exchange.

Zawya Code EFGBAAL.MF

Egypt

EGP

NO

58

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and Investmentagement

Suez Canal Bank Fund

Equity

Egypt

December-1996

1 unit


Suez Canal Bank


To achieve capital growth along with periodic income

The fund’s assets will be invested mainly in the Egyptian equities. The fund may also invest in other mutual funds.

Zawya Code HCSSUEZ.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment Housesset Management

Global Egypt Fund

Equity

Bahrain

May-2008

USD 100,000




The fund’s assets will be invested mainly in the equities of Egyptian companies listed on the Cairo Stock Exchange. The fund may also invest in bonds, IPOs and pre-IPOs.

Zawya Code GLOEGYF.MF

Egypt

USD

NO

59

Egypt

EGP

NO

Egypt

USD

NO

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


Banque Misr Fund III

Equity

Egypt

December-1997

1 unit


Banque Misr


To achieve capital growth along with steady incomeThe fund’s assets will be invested mainly in Egyptian equities. The fund may also invest in bonds, Egyptian global depositary receipts and in other mutual funds.

Zawya Code HCSBAM3.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and Investmentet Management

Misr Iran Development Bank Fund I

Equity

Egypt

June-1998

10 units


Misr Iran Development Bank


To achieve capital growth along with periodic return

The fund’s assets will be invested mainly in Egyptian equities. The fund may also invest in bonds and mutual funds issued by other banks.

Zawya Code HCSMIR1.MF

Egypt

EGP

NO

60

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


National Bank of Egypt Fund III

Equity

Egypt

August-2005

5 units




To achieve capital appreciation along with periodic income

The fund’s assets will be invested mainly in Egyptian equities . The fund may also invest to a lesser extent in fixed income instruments.

Zawya Code HCSNBE3.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and Investmentset Management

Banque Misr IV Fund

Equity

Egypt

October-2006

10 units


Banque Misr


To achieve capital growth along with periodic return

The fund’s assets will be invested mainly in the equities of Shariah compliant Egyptian companies. The fund may also invest in global depositary receipts and in other Islamic mutual funds.

Zawya Code HCSBMIV.MF

Egypt

EGP

YES

61

Egypt

EGP

NO

Egypt

EGP

YES

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Misr Al Mostakbal Investment Fund

Equity

Egypt

July-2011

1 unit




The fund’s assets will be invested mainly in Equities listed on the Egyptian Stock Exchange. The fund will invest to a lesser extent in fixed income instruments and other mutual funds.

Zawya Code HCSMMIF.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and Investmentet Management

Export Development Bank of Egypt Fund I

Equity

Egypt

February-1996

1 unit


Export Development Bank of Egypt



The fund’s assets will be invested mainly in Egyptian equities. The fund may also invest in mutual funds issued by other banks.

Zawya Code CAIEXDE.MF

Egypt

EGP

NO

62

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NBK Capital Asset Management Egyptgement

Al Hayah Fund

Equity

Egypt

November-2010

500 units




The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on the Egyptian stock exchange. The fund shall also invest to a lesser extent in fixed income securities.

Zawya Code NBKHAYA.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and Investmentset Management

National Société Générale Bank Fund III

Equity

Egypt

July-2011

1 unit




The fund’s assets will be invested mainly in equities listed on the Egyptian Stock Exchange. The fund may also invest in money market instruments, fixed income instruments, bank deposits and other mutual funds.

Zawya Code HCSNSGB.MF

Egypt

EGP

NO

63

Egypt

EGP

YES

Egypt

EGP

NO

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Phoenix Kato Asset Managementgement

Piraeus Bank Egypt Equity Fund

Equity

Egypt

April-2008

5 units


Piraeus Bank Egypt



The fund’s assets will be invested mainly in listed Egyptian equities. The fund may also invest in fixed income instruments and in other mutual funds.

Zawya Code PIREEQF.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Pharos Asset Managementt Management

Pharos Fund I

Equity

Egypt

July-2009

5 units




The fund’s assets will be invested mainly in listed Egyptian equities. The fund may also invest in Global Depositary Receipts of Egyptian companies listed on foreign markets and up to 20% in listed equities in the MENA region

Zawya Code PHRFNDI.MF

Egypt

EGP

NO

64

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Prime Investments Asset Managementement

Sanabel Fund

Equity

Egypt

February-2007

1 unit



To achieve capital appreciation along with generating stable income

The fund’s assets will be invested mainly in a wide variety of Shariah compliant securities in diverse business sectors. The fund may also invest in other mutual funds.

Zawya Code PRISNBL.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Prime Investments Asset Managementet Management

Arab Misr Insurance Group Fund

Equity

Egypt

June-1995

1 unit



To achieve capital appreciation along with stable income

The fund’s assets will be invested mainly in securities listed on the Egyptian Stock Exchange. The fund manager will maintain liquidity by preserving some cash deposits.

Zawya Code PRIAMIG.MF

Egypt

EGP

NO

65

Egypt

EGP

YES

Egypt

EGP

NO

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Prime Investments Asset Managementgement

BLOM Bank Egypt Fund

Equity

Egypt

July-2009

5 units


BLOM Bank Egypt


To achieve capital growth while generating a stream of dividends

The fund’s assets will be invested mainly in Egyptian listed stocks. The fund may also invest in mutual funds managed by other fund managers.

Zawya Code PRIBLOM.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Prime Investments Asset ManagementManagement

Al Tameer Fund

Equity

Egypt

June-2008

1 unit


Housing and Development Bank


To achieve capital gain along with generating income

The fund’s assets will be invested mainly in Egyptian listed securities.

Zawya Code PRITAME.MF

Egypt

EGP

NO

66

Emerging Markets Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB Capitalment

AlAhli Emerging Markets Trading Equity Fund

Equity

Saudi Arabia

October-2006

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on emerging stock markets and especially those of China, India, Russia, and Brazil.

Zawya Code NCBEMTE.MF

Emerging Markets

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia Limitedet Management

HSBC Global Emerging Markets Equity Fund

Equity

Saudi Arabia

March-2008

USD 5,000




The fund’s assets will be invested mainly in Shariah compliant equities that carry out a substantial part of their economic activities in any emerging market country. The fund will also invest to a lesser extent in cash or Shariah compliant short term money market instruments.

Zawya Code HSBGEME.MF

Emerging Markets

USD

YES

67

Emerging Markets

USD

YES

Emerging Markets

USD

YES

Emerging Markets Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Fransi Capitalment

Al Fursan Brasil, Russia, India, China Equity Fund

Equity

Saudi Arabia

July-2006

USD 1,000




The fund’s assets will be invested mainly in Shariah compliant listed equities in Brazil, Russia, India & China.

Zawya Code BSFFURS.MF

Emerging Markets

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad Capitalet Management

Future Equity Fund

Equity

Saudi Arabia

June-2006

USD 2,500




The fund’s assets will be invested mainly in international equities.

Zawya Code RYDFEQF.MF

Emerging Markets

USD

NO

68

Europe Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ANB Investment

Al Arabi European Equity Fund

Equity

Saudi Arabia

August-2001

USD 2,000




The fund’s assets will be invested mainly in a diversified portfolio of European equities.

Zawya Code ANBAAEE.MF

Europe

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Aljazira Capitalet Management

Al Thoraya European Equity Fund

Equity

Saudi Arabia

September-1999

USD 2,000


Open to all investors provided that they open an account with Bank Al Jazira


The fund’s assets will be invested mainly in Shariah compliant equity securities of companies listed on European stock markets. The fund may also invest in Murabaha transactions.

Zawya Code BAJATEE.MF

Europe

USD

YES

69

Europe

USD

NO

Europe

USD

YES

Europe Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB Capital

AlAhli Europe Trading Equity Fund

Equity

Saudi Arabia

November-1994

USD 2,000



To achieve competitive returns and long term capital growth

The fund’s assets will be invested mainly in the securities of Shariah compliant companies listed on the European stock markets. The fund shall place uninvested cash balances in Shariah compliant Murabaha transactions.

Zawya Code NCBETEF.MF

Europe

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia Limitedet Management

HSBC Amanah Pan-European Equity Fund

Equity

Saudi Arabia

March-2007

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on European stock markets.

Zawya Code HSBAPEE.MF

Europe

USD

YES

70

Europe Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Samba Capitalent

Samba Capital Europe Equity Fund

Equity

Saudi Arabia

September-2011

USD 2,000




The fund’s assets will be invested mainly in equities listed on European Stock Markets. The fund may also invest to a lesser extent in money market instruments.

Zawya Code SMBEEFU.MF

Europe

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad Capitalet Management

European Stock Fund

Equity

Saudi Arabia

May-1992

Equivalent to USD 2,500




The fund’s assets will be invested mainly in European equities.

Zawya Code RYDEUSF.MF

Europe

EUR

NO

71

Europe

USD

NO

Europe

EUR

NO

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Hilal Bank

Al Hilal GCC Equity Fund

Equity

UAE

April-2011

AED 10,000

In multiples of 100 units thereafter

Open to GCC residents


The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on the GCC stock exchanges.

Zawya Code HILGEQF.MF

GCC

AED

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Ahli Capital Investment Companyet Management

Al Ahli Gulf Fund

Equity

Kuwait

October-2003

1,000 units

In its multiples



The fund’s assets will be invested mainly in equities listed on various GCC stock exchanges.

Zawya Code AHLGULF.MF

GCC

KWD

NO

72

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rayan Investment LLCent

Al Rayan GCC Fund (Q)

Equity

Qatar

May-2010

QAR 100,000

for IndividualsIn multiples of QAR 10,000 thereafter

Open to Qatari investors


The fund’s assets will be invested mainly in Shariah compliant GCC equities. The fund shall also invest in GCC fixed income and money market instruments to a lower extent.

Zawya Code RAYGCCQ.MF

GCC

QAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi Capitalt Management

Al Rajhi GCC Equity Fund

Equity

Saudi Arabia

October-2005

SAR 5,000


Please refer to the prospectus


The fund’s assets will be invested mainly in listed Shariah compliant equities in the GCC countries.

Zawya Code RAJGCCE.MF

GCC

SAR

YES

73

GCC

QAR

YES

GCC

SAR

YES

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al-Khabeer Capitalet Management

Al-Khabeer GCC Equity Fund

Equity

Saudi Arabia

July-2011

SAR 10,000




The fund’s assets will be invested mainly in Shariah-compliant GCC equities.

Zawya Code AKCAKGE.MF

GCC

SAR

YES

74

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective Investment Strategy

Equity

Oman

July-1994

OMR 50




The fund’s assets will be invested mainly in equity securities and equity related instruments such as convertible bonds and warrants in GCC Equity markets. The fund may also invest in short-term debt securities or money markets instruments.

Zawya Code BMAORYX.MF

GCC

OMR

NO

CONTACT DETAILS

BankMuscat Oryx FundFund Manager: BankMuscat SAOG

Mr. S.R. Krishnan

Head Asset Management & Private Banking

134, Ruwi PC 112, Oman

+968 2 476 8610

[email protected]

www.bankmuscat.com/amd

Name

PO Box

Tel

Email

Website


75

GCC

OMR

NO

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Commercial Bank of Kuwait

Tijari GCC Equity Fund

Equity

Kuwait

January-2006

500 units


Open to Kuwaiti nationals, expatriates, corporations and institutions

To achieve high returns

The fund’s assets will be invested mainly in stocks listed on the GCC Stock Exchanges. The fund may also invest in Money Market Funds as well as in equity linked instruments and in IPOs.

Zawya Code CBKGCCF.MF

GCC

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Bayan Investment Companyt Management

Al-Themar Fund

Equity

Kuwait

October-2007

5,000 units

In its multiples



The fund’s assets will be invested mainly in the 5 largest Shariah compliant equities listed on the Kuwaiti stock exchange and the GCC markets. The fund shall also invest in Islamic companies of minor capitals to a lower extent.

Zawya Code BICTHMR.MF

GCC

KWD

YES

76

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Falcom Financial Servicesnt

Falcom Arab Markets Fund

Equity

Saudi Arabia

December-2010

USD 2,000

for IndividualsIn multiples of USD 500 thereafter



The fund’s assets will be invested mainly in Shariah compliant listed equities primarily in the Arab Markets.

Zawya Code FALARMF.MF

GCC

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Daman Investmentst Management

Daman Fifth Fund

Equity

UAE

April-2010

AED 200,000

In multiples of AED 100,000 thereafter


To achieve medium term capital appreciation along with steady income

The fund’s assets will be invested mainly in undervalued blue-chip equities listed on the GCC stock exchanges. The fund may also invest in commodities and high yielding debt products.

Zawya Code DMN5THF.MF

GCC

AED

NO

77

GCC

USD

YES

GCC

AED

NO

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment House

Global GCC Large Cap Fund

Equity

Bahrain

February-2005

USD 10,000




The fund’s assets will be invested mainly in equities of companies listed on the GCC Stock Exchanges. The fund may also invest in money market instruments, such as Corporate Bonds, Treasury Bills, CDs, and Sukuk.

Zawya Code GLOLARG.MF

GCC

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: First Investment Company Management

First Gulf Equity Fund

Equity

Bahrain

August-2007

USD 5,000




The fund’s assets will be invested mainly in Shariah compliant equities listed within the GCC region.

Zawya Code FICFGEF.MF

GCC

USD

YES


78

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Gulf Baader Capital Marketst

The First Mazoon Fund

Equity

Oman

June-1997

OMR 50




The fund’s assets will be invested mainly in equities listed on the GCC markets. The fund may also invest in bonds and in other securities listed in Oman, GCC and MENA region.

Zawya Code GBCTFMF.MF

GCC

OMR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment Houset Management

Global GCC Islamic Fund

Equity

Bahrain

July-2007

USD 10,000



To achieve medium capital appreciation with high returnsThe fund’s assets will be invested mainly in Shariah compliant stocks listed on the GCC Markets. The fund may also invest in corporate bonds, Sukuks and Treasury Bills located in the GCC area.

Zawya Code GLOGCCI.MF

GCC

USD

YES


79

GCC

OMR

NO

GCC

USD

YES

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Gulf Investment CorporationManagement

Gulf Islamic Equity Fund

Equity

Bahrain

January-2008

USD 100,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on the GCC stock markets.The fund may also invest in unlisted equities under certain circumstances.

Zawya Code GICISLM.MF

GCC

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Gulf Investment Corporation

Gulf Premier Fund

Equity

Bahrain

April-2003

USD 100,000




The fund’s assets will be invested mainly in equities listed on the GCC stock markets.

Zawya Code GICGULF.MF

GCC

USD

NO


80


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia Limited

HSBC Amanah GCC Equity Fund

Equity

Saudi Arabia

April-2006

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant GCC equities.

Zawya Code HSBAGCC.MF

GCC

SAR

YES

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Invest ADManagement

Invest AD - GCC Focus Fund

Equity

UAE

March-2010

USD 100,000


Open to all investors except US investors


The fund’s assets will be invested mainly in equities listed on the GCC markets. The fund may also invest, though to a lesser extent, in equity securities listed on permitted Stock exchanges in other MENA Region countries.

Zawya Code IADGCCF.MF

GCC

USD

NO

81

GCC

SAR

YES

GCC

USD

NO

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Kuwait and Middle East Financial Investment CompanyManagement

Gulf Gate Fund

Equity

Kuwait

October-2006

1,000 units




The fund’s assets will be invested mainly in the shares of listed and non listed companies on the GCC stock markets and on the Kuwait Stock Exchange whose assets allocated should not surpass 30% of the total assets. The fund will invest to a lower extent in money market instruments.

Zawya Code KMEGULF.MF

GCC

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Jadwa Investmentt

Jadwa GCC Equity Fund

Equity

Saudi Arabia

June-2007

SAR 50,000


Open to GCC nationals and KSA residents. Non GCC residents need the CMA’s authorization


The fund’s assets will be invested mainly in a diversified portfolio of Shariah compliant companies listed on the GCC equity markets. The fund may also invest up to 25% of its assets in equity funds in the GCC region which comply with the Shariah committee’s guidelines.

Zawya Code JADGCCE.MF

GCC

SAR

YES

82


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Kuwait Finance and Investment Company

Al Basha’er GCC Equity Fund

Equity

Bahrain

December-2005

USD 10,000




The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on the GCC region stock exchanges. The fund may also invest in non-listed Shariah compliant companies.

Zawya Code KFIABGE.MF

GCC

USD

YES

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: LHV Asset Management

LHV Persian Gulf Fund (A Share)

Equity

Estonia

March-2008

1 unit




The fund’s assets will be invested mainly in equity securities and equity related instruments such as convertible bonds and warrants in GCC Equity markets. The fund may also invest in short-term debt securities or money markets instruments

Zawya Code LHVPGUF.MF

GCC

EUR

NO

83

GCC

USD

YES

GCC

EUR

NO

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: National Bank of Abu Dhabi

NBAD GCC Opportunities Fund

Equity

UAE

February-2008

AED 10,000




The fund’s assets will be invested mainly in a balanced portfolio of GCC equities and other transferable securities, whether listed on the GCC financial markets or, where appropriate, purchased through ‘over the counter’ arrangements.

Zawya Code NADAJAJ.MF

GCC

AED

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Manafae Investment CompanyManagement

Manafae First Fund

Equity

Kuwait

July-2007

500 units



To achieve capital returns

The fund’s assets will be invested mainly in Shariah compliant listed and unlisted companies on the Kuwait and the GCC stock Exchanges. The fund may invest in money market instruments.

Zawya Code MANMFFM.MF

GCC

KWD

YES

84

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


AlAhli GCC Trading Equity Fund

Equity

Saudi Arabia

October-2005

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on various GCC stock exchanges. The fund shall also invest in Murabaha transactions and Murabaha funds which are approved by the NCB Shariah board.

Zawya Code NCBGCCE.MF

GCC

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: National Investments Companyanagement

Al Mada Investment Fund

Equity

Bahrain

July-2008

5,000 units




The fund’s assets will be invested mainly in listed Shariah compliant equities in the GCC region.

Zawya Code NICAMIF.MF

GCC

USD

YES

85

GCC

SAR

YES

GCC

USD

YES

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Noor Financial Investment

NOOR Kuwait Islamic Equity Fund

Equity

Kuwait

May-2007

KWD 1,000




The fund’s assets will be invested mainly in Kuwaiti equities. The fund may invest to a lower extent in cash instruments.

Zawya Code NOOLGEF.MF

GCC

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Noor Financial InvestmentManagement

NOOR GCC Islamic Fund

Equity

Kuwait

September-2007

KWD 1,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on Kuwaiti and GCC Stock Markets.

Zawya Code NOONGIF.MF

GCC

KWD

YES

86

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: SAIB BNP Paribas Asset Management

SAIB GCC Equity Fund

Equity

Saudi Arabia

July-2004

USD 5,000


Open to GCC nationals and Saudi residents


The fund’s assets will be invested mainly in GCC equities and money market instruments.

Zawya Code SIBGCCE.MF

GCC

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: QIB (UK)anagement

Islamic Financial Institution Fund

Equity

Luxembourg

September-2010

The equivalent of EUR 125,000

In multiples of the equivalent of EUR 10,000 thereafter

Open to institutions, professionals and well informed individuals

To achieve capital appreciation along with income distribution

The fund aims to provide investors with a target return of 10% over the economic cycle by investing in the equity of Shari’a compliant Financial Institutions. Emphasis will be on dividend income with the additional prospect of capital appreciation.

Zawya Code EFHIFIF.MF

GCC

USD

YES

87

GCC

USD

NO

GCC

USD

YES

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Samba Capital

Al Musahem GCC Fund

Equity

Saudi Arabia

October-2006

SAR 7,500




The fund’s assets will be invested mainly in equities listed on the GCC markets.

Zawya Code SMBAMGF.MF

GCC

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: SAIB BNP Paribas Asset ManagementManagement

SAIB Arab Companies Fund

Equity

Saudi Arabia

April-2005

USD 5,000




The fund’s assets will be invested mainly in Shariah compliant equities in the GCC. The fund may also invest in Shariah compliant investment funds and money market instruments.

Zawya Code SIBGLFC.MF

GCC

USD

YES

88

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Fransi Capital

Al Danah GCC Equity Trading Fund

Equity

Saudi Arabia

April-2006

SAR 2,000




The fund’s assets will be invested mainly in listed Shariah compliant equities in GCC countries. The fund may also invest in other Arab countries in the MENA region.

Zawya Code BSFDANA.MF

GCC

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Samba Capitalanagement

Al Raed GCC Fund

Equity

Saudi Arabia

October-2006

SAR 7,500




The fund’s assets will be invested mainly in Shariah compliant equities listed on the GCC markets.

Zawya Code SMBGCCR.MF

GCC

SAR

YES

89

GCC

SAR

YES

GCC

SAR

YES

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital Companyanagement

Al Yusr GCC Equity Fund

Equity

Saudi Arabia

October-2003

SAR 5,000




The fund’s assets will be invested mainly in listed Shariah compliant equity securities in the GCC. The fund shall also invest in short term Murabaha transactions to a lower extent.

Zawya Code SHBYGCC.MF

GCC

SAR

YES

90

GCC Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Bahrain

March-2004

USD 100,000




The fund’s assets will be invested mainly in equity securities listed on the stock markets of the GCC countries. The fund may also invest in equity related, hybrid and debt securities listed in the six GCC Countries.

Zawya Code SICOKEF.MF

GCC

USD

NO

CONTACT DETAILS

SICO Khaleej Equity FundFund Manager: Securities & Investment CompanyAT - Asset

Shakeel Sarwar



+ 973 1 751 5000 Ext 5007

[email protected]

www.sicobahrain.com

Name

PO Box

Tel

Email

Website


91

GCC

USD

NO

GCC Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility


Equity

UAE

December-2005

250 units for individual investors


Dubai Islamic Bank

Open to all UAE residents


The fund’s assets will be invested mainly in Shariah compliant equity securities listed on the GCC markets. The fund may also invest in Islamic unlisted debt securities of GCC countries.

Zawya Code DIBIGEF.MF

GCC

USD

YES

CONTACT DETAILS

Al Islami GCC Equity FundFund Manager: Securities & Investment Company

Shakeel Sarwar



+ 973 1 751 5000 Ext 5007

[email protected]

www.sicobahrain.com

Name

PO Box

Tel

Email

Website

92

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: United Securities LLC

United GCC Fund

Equity

Oman

August-2011

OMR 3,000

In multiples of OMR 1,000 thereafter



The fund’s assets will be invested mainly in equities listed on various GCC stock exchanges. In addition, United GCC Fund may invest excess cash available in fixed deposits and liquid fixed income securities.

Zawya Code UNSUGCC.MF

GCC

OMR

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: SHUAA CapitalManagement

Al-Tawfeek Gulf Equity Fund

Equity

Bahrain

August-2005

USD 15,000


Al-Tawfeek Company for investment funds Limited



The fund’s assets will be invested mainly in Shariah compliant GCC equities.

Zawya Code ALTGULF.MF

GCC

USD

YES

93

GCC

OMR

NO

GCC

USD

YES

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Vision Investment Services Company

Vision Real Economy GCC Fund

Equity

Oman

June-2010

1,000 units




The fund’s assets will be invested mainly in listed securities of companies involved in the production of goods and services in the economy including Manufacturing, Logistics, Distribution, and any such activity in the GCC. The fund shall not invest in the Financial Services industry.

Zawya Code VISREGF.MF

GCC

OMR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Vision Investment Services Companyanagement

Vision Emerging GCC Fund

Equity

Oman

May-2005

OMR 100



To achieve maximum risk adjusted returns

The fund’s assets will be invested mainly in equities listed on various GCC stock exchanges.

Zawya Code VISVGCC.MF

GCC

OMR

NO



94

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Zumorroda Investment Company

Zumorroda GCC Fund

Equity

Kuwait

January-2008

1,000 units




The fund’s assets will be invested mainly in listed and unlisted equities within the GCC markets. The fund may also invest in money market instruments.

Zawya Code ZMRGCCF.MF

GCC

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Watani Investment CompanyManagement

NBK Gulf Equity Fund

Equity

Bahrain

June-2005

USD 25,000




The fund’s assets will be invested mainly in securities in the GCC region. To achieve longer term returns, the fund may invest in various MENA countries outside the GCC markets.

Zawya Code NBKGULF.MF

GCC

USD

NO

95

GCC

KWD

NO

GCC

USD

NO

GCC excluding Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad Capital

Riyad Gulf Fund

Equity

Saudi Arabia

February-2006

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant equities in the GCC excluding Saudi Arabia.

Zawya Code RYDGULF.MF

GCC excluding KSA

SAR

YES

96

GCC excluding Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Bahrain

March-2006

USD 100,000




The fund’s assets will be invested mainly in equity securities listed on the stock markets of United Arab Emirates, Kuwait, Qatar, Bahrain and Oman. The fund will not invest in Saudi Arabia.

Zawya Code SICOGEF.MF

GCC excluding KSA

USD

NO

CONTACT DETAILS

SICO Gulf Equity FundFund Manager: Securities & Investment Company

Shakeel Sarwar



+ 973 1 751 5000 Ext 5007

[email protected]

www.sicobahrain.com

Name

PO Box

Tel

Email

Website


97

GCC excluding KSA

USD

NO

India Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Mauritius

February-2010

USD 10,000


Open to all investors excluding US individuals


The fund’s assets will be invested mainly in equities of companies listed on the Indian stock exchange. The Fund may also invest to a lesser extent in bank deposits, short term money market or debt instruments.

Zawya Code BMABIGF.MF

India

USD

NO

CONTACT DETAILS

BankMuscat India Growth FundFund Manager: BankMuscat SAOG

Mr. S.R. Krishnan



+968 2 476 8610

[email protected]


Name

PO Box

Tel

Email

Website

98

Iraq Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: FMG Fund ManagersManagement

FMG Iraq Fund Ltd.(Class B)

Equity

Bermuda

April-2005

USD 100,000


Open to all investors provided that legislation in their country of citizenship or residence allows them to do so


The fund’s assets will be invested mainly in equities listed on the Iraqi stock exchange as well as in offshore listed companies which perform significant part of their business activities in Iraq.

Zawya Code FMGSOFB.MF

Iraq

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Godvig Capital

Babylon Fund

Equity

Virgin Islands (British)

August-2006

USD 100,000




The fund’s assets will be invested mainly in the shares of large-cap Iraqi dependent securities listed on the Iraqi Stock Exchange and other stock exchanges. The fund may also invest in bonds and other instruments, retaining a part of its assets in risk free deposits.

Zawya Code GDVBBLN.MF

Iraq

USD

NO

99

Iraq

USD

NO

Iraq

USD

NO

Iraq Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Northern Gulf Partners LLC

Iraq Investment Partners I, L.P.

Equity

United States

March-2009

USD 250,000

In the multiples of USD10,000 thereafter

Open to investors outside the US


The fund aims to provide investors with trusted and efficient access to Iraq’s extraordinary wealth and economic growth prospects by investing in securities of Iraqi and Iraq-related companies, and securities traded directly in Iraqi markets, including the ISX and any successor. The fund will also invest Iraqi and Iraq-related debt and equity instruments of all kinds.

Zawya Code NGAIIPI.MF

Iraq

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Invest ADanagement

Invest AD - Iraq Opportunity Fund

Equity

Cayman Islands

October-2010

USD 100,000




The fund’s assets will be invested mainly in equities of companies listed on the Iraqi stock exchange.

Zawya Code IADIROF.MF

Iraq

USD

NO

100

Japan Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ANB Invest

Al Arabi Japan Equity Fund

Equity

Saudi Arabia

August-2001

USD 2,000




The fund’s assets will be invested mainly in Japanese equity securities.

Zawya Code ANBAAJE.MF

Japan

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Aljazira Capitalanagement

Al Mashareq Japanese Equity Fund

Equity

Saudi Arabia

April-2000

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant equity securities of companies listed in Japanese stock markets. It may also invest in Murabaha transactions.

Zawya Code BAJAMJE.MF

Japan

USD

YES

101

Japan

USD

NO

Japan

USD

YES

Japan Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Ahli Capital Investment Company

Al Ahli Kuwaiti Fund

Equity

Kuwait

March-2003

1,000 units




The fund’s assets will be invested mainly in equities listed on the Kuwaiti stock exchange. The Fund may also invest in short to medium term instruments such as Bank Deposits, T-Bonds, T-Bills, and Money Market Funds.

Zawya Code AHLKUWT.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad Capitalanagement

Japan Stock Fund

Equity

Saudi Arabia

May-1992





The fund’s assets will be invested mainly in Japanese equities across different sizes and sectors.

Zawya Code RYDJAPN.MF

Japan

JPY

NO

Kuwait Equity


102

Kuwait Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Al Bilad Investment Company

Al-Seef Fund

Equity

Saudi Arabia

January-2006

KWD 800

In multiples of KWD 200 thereafter

Al Bilad Investment Company

Open to Saudi nationals, non-Saudi residents, and corporate investors


The fund’s assets will be invested mainly in equities which are compliant with Global Shariah Index and listed on the Kuwaiti Stock Exchange.

Zawya Code BABSEEF.MF

Kuwait

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Aman Investment Companynagement

Al Aman Islamic Fund

Equity

Kuwait

June-2007

1,000 units




The fund’s assets will be invested mainly in Shariah compliant Kuwaiti equities and to a lesser extent in other investment funds. The fund may also invest in other financial markets in the GCC region.

Zawya Code AAMISLF.MF

Kuwait

KWD

YES

103

Kuwait

KWD

YES

Kuwait

KWD

YES

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Dar Asset Management Company

Al Dar Securities Fund

Equity

Kuwait

October-2004

1,000 units




The fund’s assets will be invested mainly in Shariah compliant shares of companies listed and unlisted on the Kuwait and GCC stock exchanges.

Zawya Code DARSECR.MF

Kuwait

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Dar Asset Management Companyanagement

Al Nokhba Fund

Equity

Kuwait

November-2007

1,000 units




The fund’s assets will be invested mainly in Shariah compliant listed and non listed equities on the Kuwaiti, and GCC markets. The remaining assets will be invested in different investment instruments.

Zawya Code DARNKBA.MF

Kuwait

KWD

YES

104

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Burgan Bank

Burgan Equity Fund

Equity

Kuwait

December-2001

1,000 units




The fund’s assets will be invested mainly in equities listed on the Kuwaiti stock exchange. The fund may also invest in short to medium term money market securities and debt instruments to a lower extent.

Zawya Code BURKUWT.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Safat Investment Companyagement

Al-Safat Local Shares Equity Fund

Equity

Kuwait

October-2007

1,000 units




The fund’s assets will be invested mainly in Kuwaiti equities that are listed and unlisted in the Kuwait Stock Exchange. The fund may invest in Shariah compliant money market instruments as well.

Zawya Code SAFLSEF.MF

Kuwait

KWD

YES

105

Kuwait

KWD

NO

Kuwait

KWD

YES

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager:Coast Investment and Development Company

Coast Investment Fund

Equity

Kuwait

February-2002

1,000 units




The fund’s assets will be invested mainly in equities listed on the Kuwaiti stock exchange.

Zawya Code CICCOIN.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: CapCorp Investment Companyanagement

CapCorp Local Fund

Equity

Kuwait

July-2009

1,000 units




The fund’s assets will be invested mainly in Shariah compliant shares of listed and non-listed Kuwaiti companies. The fund may also invest in other Shariah compliant equity funds.

Zawya Code CKPLOCL.MF

Kuwait

KWD

YES

106

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Commercial Bank of Kuwait

Tijari Investment Fund

Equity

Kuwait

May-2002

500 units




The fund’s assets will be invested mainly in quality stocks that are listed on the Kuwait Stock Exchange.

Zawya Code CBKINVT.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Commercial Bank of Kuwaitagement

Tijari Islamic Fund

Equity

Kuwait

July-2006

500 units




The fund’s assets will be invested mainly in the Shariah compliant equities of companies listed on the Kuwaiti Stock Exchange.

Zawya Code CBKISLM.MF

Kuwait

KWD

YES

107

Kuwait

KWD

NO

Kuwait

KWD

YES

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al-Durra Islamic Fund

Equity

Kuwait

May-2004

KWD 1,000




The fund’s assets will be invested mainly in Kuwaiti Shariah compliant equities of listed Islamic companies that are representative of the Global Islamic Index. The fund may also invest in soon to be listed Islamic companies and other Islamic funds.

Zawya Code GLODURR.MF

Kuwait

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment Houseanagement

Global Al-Mamoun Fund

Equity

Kuwait

April-2001

1,000 units




The fund’s assets will be invested mainly in equities of companies listed on the Kuwait Stock Exchange.

Zawya Code GLOMAUN.MF

Kuwait

KWD

NO

108

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: International Financial Advisors

IFA Islamic Fund

Equity

Kuwait

June-2006

1,000 units




The fund’s assets will be invested mainly in Shariah compliant equities in the Kuwaiti market. The fund may also invest in other Shariah compliant money market securities.

Zawya Code IFAISLM.MF

Kuwait

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment Houseagement

Global Local Fund

Equity

Kuwait

January-2003

KWD 1,000



To achieve medium term capital appreciation

The fund’s assets will be invested mainly in stocks listed on the Kuwait stock exchange. The fund will also invest in initial public offerings (IPO’s), money market instruments, and local money market funds.

Zawya Code GLOLOCL.MF

Kuwait

KWD

NO

109

Kuwait

KWD

YES

Kuwait

KWD

NO

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: KIPCO Asset Management Company

KAMCO Investment Fund

Equity

Kuwait

April-2004

1,000 units




The fund’s assets will be invested mainly in equities listed on the Kuwaiti stock exchange. The fund may also invest in equities listed on the GCC and the Middle Eastern financial markets.

Zawya Code KAMINVT.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: International Financial Advisorsagement

IFA Investment Fund

Equity

Kuwait

November-2004

1,000 units




The fund’s assets will be invested mainly in the top 25 listed companies in the Kuwaiti stock market.

Zawya Code IFAINVF.MF

Kuwait

KWD

NO

110

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Kuwait Finance and Investment Company

Al Wasm Fund

Equity

Kuwait

June-2005

1,000 units




The fund’s assets will be invested mainly in equities of companies listed on the Kuwait Stock Exchange and companies that are seeking IPOs. The fund may also invest in shares of companies not listed on the Kuwait Stock Exchange.

Zawya Code KFIWASM.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Kuwait and Middle East Financial Investment Companyagement

Al Rou’yah Fund

Equity

Kuwait

June-2002

1,000 units



To achieve consistent solid returns through out the fund’s life

The fund’s assets will be invested mainly in securities listed on the Kuwait Stock Exchange (KSE) as well as in financial instruments which are approved by the KSE management.

Zawya Code KMEALRO.MF

Kuwait

KWD

NO

111

Kuwait

KWD

NO

Kuwait

KWD

NO

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Kuwait Financial Centre

Markaz Islamic Fund

Equity

Kuwait

October-2003

1,000 units


Open to the Kuwaiti nationals, GCC nationals and residents of Kuwait


The fund’s assets will be invested mainly in Shariah compliant stocks of listed and unlisted companies of the Kuwait Stock Exchange and to a lesser extent, the Arab and Gulf stock markets. The fund may also invest in Shariah compliant deposits and bonds which are issued by certified Islamic banks and institutions.

Zawya Code KFCISLM.MF

Kuwait

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Kuwait Financial Centreagement

Markaz Investment and Development Fund

Equity

Kuwait

July-2001

100 units




The fund’s assets will be invested mainly in equities of companies listed on the Kuwait stock exchange. The fund may invest to a lesser extent in money market and debt instruments.

Zawya Code KFCMIDF.MF

Kuwait

KWD

NO

112

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Markaz Forsa Financial Fund

Equity

Kuwait

June-2004

1000 units



To achieve stable returns with low volatility

The fund’s assets will be invested mainly in the shares of companies listed on the Kuwait Stock Exchange.

Zawya Code KFCFORS.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Kuwait Financial Centreagement

Markaz Mumtaz Investment Fund

Equity

Kuwait

December-1999

100 units


Open to Kuwaiti nationals, GCC nationals and residents of Kuwait


The fund’s assets will be invested mainly in equities of companies listed on GCC and Arab Stock Markets. The fund may also invest in non-listed IPOs and Money Market instruments.

Zawya Code KFCMUMT.MF

Kuwait

KWD

NO


113

Kuwait

KWD

NO

Kuwait

KWD

NO

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: National Investments Company

Al Wataniya Investment Fund

Equity

Kuwait

July-2001

1,000 units




The fund’s assets will be invested mainly in equities of companies listed on the Kuwait stock exchange.The fund may invest to a lesser extent in money market tools and securities.

Zawya Code NICWATA.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Kuwait Investment Companyagement

Al-Raed Fund

Equity

Kuwait

October-2001

KWD 1,000




The fund’s assets will be invested mainly in the equities of companies listed on the Kuwait Stock Exchange, as well as other investment funds.

Zawya Code KICRAED.MF

Kuwait

KWD

NO

114

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: National Investments Company

Al Darij Investment Fund

Equity

Kuwait

June-2003

1,000 units




The fund’s assets will be invested mainly in Shariah compliant listed and unlisted equity securities in Kuwait and the GCC region.

Zawya Code NICDARJ.MF

Kuwait

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: National Investments Companyagement

Al Safwa Investment Fund

Equity

Kuwait

June-2002

1,000 units




The fund’s assets will be invested mainly in Shariah compliant listed and unlisted equities of companies in Kuwait. The fund may also invest in the Gulf region.

Zawya Code NICSAFW.MF

Kuwait

KWD

YES

115

Kuwait

KWD

YES

Kuwait

KWD

YES

Kuwait Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Tharwa Investment Company

Tharwa Investment Fund

Equity

Kuwait

May-2007

1,000 units




The fund’s assets will be invested mainly in equities listed on the Kuwaiti stock exchange. The fund may also invest in short to medium term money market securities to a lower extent.

Zawya Code TICINVS.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Tharwa Investment Companyagement

Tharwa Islamic Fund

Equity

Kuwait

June-2007

1,000 units



To achieve risk adjusted returns

The fund’s assets will be invested mainly in Shariah compliant equities listed on the Kuwaiti stock exchange. The fund may also invest in Murabaha investments to a lower extent.

Zawya Code TICISLM.MF

Kuwait

KWD

YES

116

Kuwait Equity




Domicile

Inception Date Currency

Min Subscription Shariah Compliant


Eligibility

Objective

Investment Strategy


Samba Capital Americas Equity Fund

Equity

Saudi Arabia

September-2011

USD 2,000




The fund’s assets will be invested mainly in Equities listed on the stock markets in North America, Central America and South America. The fund may also invest to a lesser extent in Money Market instruments.

Zawya Code SMBAMEF.MF

Latin America; North America; Central America

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Watani Investment Companyagement

NBK Kuwait Equity Fund

Equity

Kuwait

June-2007

KWD 1,000




The fund’s assets will be invested mainly in Kuwaiti listed equities. The fund may invest from time to time in non-Kuwaiti stocks.

Zawya Code NBKKWTF.MF

Kuwait

KWD

NO

Latin America; North America; Central America Equity


117

Latin America; North America; Central America

USD

NO

Kuwait

KWD

NO

Libya Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Arabi Investment Group

IIAB Islamic MENA Fund

Equity

Bahrain

March-2008

USD 25,000




The fund’s assets will be invested mainly in listed and unlisted Shariah compliant equities in the MENA region. The fund may also invest in Sukuks.

Zawya Code AIGIMAF.MF

MENA

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Invest ADagement

Invest AD - Libya Opportunity Fund

Equity

Cayman Islands

December-2010

USD 100,000




The fund’s assets will be invested mainly in equities of companies listed on the Libyan stock exchange.

Zawya Code IADLIOF.MF

Libya

LYD

NO

MENA Equity


118

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Mal Capital

Al Mal MENA Equity Fund

Equity

Bahrain

June-2008

USD 250,000


Open to all investors except for U.S. and U.K. investors


The fund’s assets will be invested mainly in equities and equity related securities in the MENA region.

Zawya Code MALMENA.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Arabi Investment Groupagement

Arab Bank MENA Fund

Equity

Bahrain

September-2005

USD 25,000




The fund’s assets will be invested primarily in equities with possible investment in bonds aiming to preserve capital during periods of weak equity markets performance and maximizing capital growth during periods of strong equity market performance.

Zawya Code AIGARBK.MF

MENA

USD

NO

119

MENA

USD

NO

MENA

USD

NO

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Audi Capital

Arabian Opportunities Fund

Equity

Saudi Arabia

September-2007

USD 10,000


Open to all non-US investors


The fund’s assets will be invested mainly in equities listed on various stock exchanges in the MENA region. The fund will also invest in debt instruments to a lower extent.

Zawya Code AUDAROP.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Masah Capital Limitedagement

Al Masah Capital Special Opportunities Fund

Equity

Luxembourg

November-2010

USD 200,000

For High Net Worth Individuals



The fund’s assets will be invested mainly in equities in the MENA region. The fund shall also invest to a lesser extent in IPOs in China and India.

Zawya Code AMCSOPF.MF

MENA

USD

NO

120

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Baring Asset Management Limited

Baring MENA Fund (Class A Acc - USD)

Equity

Ireland

March-2010

USD 5,000




The fund’s assets will be invested mainly in equity securities of companies which perform their principal business activities in the MENA region.

Zawya Code BARMENA.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Beltone Asset Managementagement

Beltone MENA Equity Fund

Equity

Bermuda

October-2007

USD 10,000




The fund’s assets will be invested mainly in the listed equities on the MENA markets. The fund may also invest in unlisted securities, fixed income products and Sukuks.

Zawya Code BLTMENA.MF

MENA

USD

NO

121

MENA

USD

NO

MENA

USD

NO

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Charlemagne Capital (IOM) Limited

Magna MENA Fund (N class)

Equity

Ireland

March-2011

EUR 1,000,000

In multiples of 1,000 EUR thereafter



The fund’s assets will be invested mainly in MENA equities. The fund shall also invest to a lower extent in non-MENA equities.

Zawya Code CACMMFN.MF

MENA

EUR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdinggement

EFG-Hermes MEDA Fund

Equity

Bermuda

July-1999

USD 10,000




The fund’s assets will be invested mainly in equity and equity-related securities of companies that are listed on the Middle East and North Africa Stock Markets. The fund may also invest in unlisted equities.

Zawya Code EFGMEDA.MF

MENA

USD

NO

122

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Emerging Asset Management Ltd

MENA Alchemy Fund Ltd

Equity

Bermuda

August-2010

USD 100,000


Open to all investors excluding US individuals

To achieve long term capital appreciation while preserving capital

The fund’s assets will be invested mainly in listed MENA securities and derivative instruments. The fund shall also invest to a lesser extent in energy-related futures or options contracts such as crude oil futures and in cash or money market instruments.

Zawya Code EAMMALF.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Emirates NBD Asset Management Limitedment

Emirates MENA Top Companies Fund Institutional Shares (I Share Class)

Equity

Channel Islands

September-2007

USD 1,000,000




The fund’s assets will be invested mainly in GCC and MENA equities. The Fund can also take exposure to other investment opportunities that might be suitable occasionally.

Zawya Code EBKMTOP.MF

MENA

USD

NO


123

MENA

USD

NO

MENA

USD

NO

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Emirates MENA High Income Fund (Institutional Share-Class Accumulation)

Equity

Channel Islands

January-2009

USD 1,000,000




The fund’s assets will be invested mainly in the equities that offer high dividend yield within the MENA region. The fund may also invest in fixed income instruments.

Zawya Code EBKMHIA.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: First Investment Companygement

First Arabian Equity 2000 Fund

Equity

Bahrain

April-2001

USD 5,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on various stock exchanges over the MENA region. The fund may also invest in international equity securities.

Zawya Code FICFAE2.MF

MENA

USD

YES

124

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Franklin Templeton Investment Management Limited

Franklin MENA Fund (Class A - USD Accumulated Share)

Equity

Luxembourg

June-2008

USD 5,000




The fund’s assets will be invested mainly in equity securities of companies which perform their principal business activities in the MENA region. The fund may also invest in fixed income securities to a lower extent.

Zawya Code TAMMAAU.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Franklin Templeton Investments (ME) Limited

Alpha MENA Fund

Equity

Bahrain

October-2007

USD 100,000




The fund’s assets will be invested mainly in listed securities on the different MENA stock exchanges. It aims at building a portfolio that will be able to outperform the market through different economic cycles.

Zawya Code ALPMENA.MF

MENA

USD

NO

125

MENA

USD

NO

MENA

USD

NO

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: GLG Partners UK

SGAM Oasis Middle East & North Africa Fund (Retail Class USD)

Equity

Singapore

November-2007

USD 1,000




The fund’s assets will be invested mainly in shares of companies domiciled in the MENA region.

Zawya Code SGMOASI.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: GLG Partners UKgement

Ocean Fund Equities MENA Opportunities (Class B)

Equity

Luxembourg

June-2007

USD 3,000,000




The fund’s assets will be invested mainly in equity securities of companies which are listed on the MENA stock exhanges and perform their principal business activities in the MENA region.

Zawya Code SGMOMEB.MF

MENA

USD

NO

126

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Global Asset Management

HSBC GIF Middle East and North Africa Equity Fund (Class A - Dis)

Equity

Luxembourg

December-2009

USD 5,000





Zawya Code HSGMEAD.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ING Investment Management (Dubai)

ING (L) Invest Middle East & North Africa Fund (Class I Cap - EUR)

Equity

Luxembourg

December-2008

USD 250,000


Open to institutional Investors except US investors


The fund’s assets will be invested mainly in equity securities of companies which perform their principal business activities in the MENA region. The fund may also invest in fixed income securities to a lower extent.

Zawya Code INGMEIU.MF

MENA

USD

NO


127

MENA

USD

NO

MENA

USD

NO

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Investec Asset Management Limited

Investec Global Strategy Fund - Middle East & North Africa Fund (Class A Acc)

Equity

Luxembourg

April-2008

USD 3,000



To provide high total return over the long term


Zawya Code INVMENA.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Invest ADement

Invest AD - MENA Dynamic Fund

Equity

UAE

March-2010

USD 100,000




The fund’s assets will be invested mainly in equity securities in the MENA region through a pure technical approach. The fund actively uses cash as part of its investment strategy to mitigate downside risk.

Zawya Code IADMNDF.MF

MENA

USD

NO

128

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Kuwait Financial CentreMarkaz Arabian Fund

Equity

Bahrain

January-2006

1,000 units




The fund’s assets will be invested mainly in equity securities listed on the Middle East and North African stock exchanges.

Zawya Code KFCGULF.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Jadwa Investment

Jadwa Arab Markets Equity Fund

Equity

Saudi Arabia

June-2007

SAR 50,000




The fund’s assets will be invested mainly in a diversified portfolio of Shariah compliant equities listed on various Arabian stock markets. It may also invest up to 25% of its assets in other equity funds in the region which comply with the Shariah committee’s guidelines.

Zawya Code JADARAB.MF

MENA

SAR

YES

129

MENA

USD

NO

MENA

SAR

YES

MENA Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Ireland

August-2008

USD 1,000


Open to all investors provided that legislation in their country of citizenship, residence allow them to do so

To achieve long term capital appreciation and provide stable returns

The fund’s assets will be invested mainly in listed equities in the MENA region.

Zawya Code MAKMATF.MF

MENA

USD

NO

CONTACT DETAILS

Mashreq Arab Tigers Fund Fund Manager: Mashreq Capital

Ibrahim Masood

Director & Senior Investment Officer

1250, Dubai, UAE

+971 4 207 8811

[email protected]

www.mashreqbank.com

Name

PO Box

Tel

Email

Website

130

MENA Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Bahrain

November-2005

USD 1,000




The fund’s assets will be invested mainly in the shares of companies listed on the stock exchanges of the MENA region.

Zawya Code MAKARBT.MF

MENA

USD

NO

CONTACT DETAILS

Makaseb Arab Tigers FundFund Manager: Mashreqbank


Ibrahim Masood


1250, Dubai, UAE

+971 4 207 8811

[email protected]

www.mashreqbank.com

Name

PO Box

Tel

Email

Website

131

MENA

USD

NO

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Pictet Asset Management

PF(LUX)-Middle East and North Africa-I

Equity

Luxembourg

July-2009

USD 1,000,000


Open to institutional investors



Zawya Code PAMPTFI.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Meridio AGement

Meridio Arab World Fund (Public Shares)

Equity

Luxembourg

March-2007

1 unit



To achieve above average long-term growth

The fund’s assets will be invested mainly in the equities of companies listed on the Middle East and Gulf Stock Exchanges. The fund may also invest some of its assets in the shares of other funds investing in the region.

Zawya Code MAGARAP.MF

MENA

USD

NO

132

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Piraeus Bank (Cyprus)

WIOF Middle East Performance Fund (A)

Equity

Luxembourg

November-2008

The equivalent of EUR 200


Open to qualified retail investors (Please refer to the prospectus)


The fund’s assets will be invested mainly in equities within the MENA region. The fund may also invest in fixed income and money market instruments.

Zawya Code PIRMEPA.MF

MENA

USD

NO

133

MENA

USD

NO

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Silk Invest LimitedSilk - Road Frontiers Fund (Class I) USD Share

Equity

Luxembourg

September-2010

USD 100,000


Open to Institutional investors


The fund’s assets will be invested mainly in listed equities in emerging markets. The fund may also invest in bonds, money-market instruments, and certificates.

Zawya Code SILFFIU.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: SHUAA Capital

Arab Gateway Fund

Equity

Virgin Islands (British)

December-1999

USD 100,000


Open to all investors excluding British Virgin Islands residents


The fund’s assets will be invested mainly in equities listed on the Arab stock markets. The fund may also invest in tradable debt instruments.

Zawya Code SHUARGT.MF

MENA

USD

NO

134

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Tharwa Investment Company

Tharwa Arab Investment Fund

Equity

Cayman Islands

August-2008

USD 150,000




The fund’s assets will be invested mainly in equities listed or to be listed on the stock markets in the MENA region. The fund may also invest in money market instruments.

Zawya Code TICTAIF.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Silk Invest Limitedement

Arab Falcons Fund (Class I) USD Share

Equity

Luxembourg

March-2010

USD 100,000


Open to Institutional investors

To achieve risk adjusted returns

The fund’s assets will be invested mainly in listed equities in the MENA region. The fund may also invest in transferable securities such as fixed income bonds, equity index certificates and floating rate notes.

Zawya Code SILAFIU.MF

MENA

USD

NO

135

MENA

USD

NO

MENA

USD

NO

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Unifund Capital Financial InvestmentNAEEM MENA Growth Fund

Equity

Bahrain

January-2008

USD 100,000




The fund’s assets will be invested mainly in equity securities traded on the MENA markets. The fund may also invest in other funds and portfolios.

Zawya Code NAEMENA.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: The National Investor

TNI MENA UCITS Sub Fund

Equity

Ireland

June-2010

USD 100,000



To achieve long term capital growth and outperform the benchmark

The fund’s assets will be invested mainly in equities of companies listed or traded in the MENA region as per the S&P Pan Arab Large-Mid 5/10/40 Index. The fund may also invest in other collective equity investments.

Zawya Code TNIMESF.MF

MENA

USD

NO


136

MENA Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Schroder Investment Management Limited

Schroder International Selection Middle East Fund (Class I - USD Acc)

Equity

Luxembourg

September-2007

USD 5,000,000

In multiples of USD 2,500,000 thereafter

Open to qualified institutional investors (Please refer to the prospectus)



Zawya Code SCHMEIU.MF

MENA; Turkey

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Union National Bankent

Al Samaha Islamic Fund

Equity

UAE

June-2008

AED 10,000


Open to all investors excluding US and UK investors


The fund’s assets will be invested mainly in Shariah compliant equities of companies listed in the MENA. The fund may also invest in unlisted Shariah compliant equities.

Zawya Code UNBASIF.MF

MENA

AED

YES

MENA; Turkey Equity


137

MENA; Turkey

USD

NO

MENA

AED

YES

North Africa Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Invest AD

Invest AD - Emerging Africa Fund

Equity

Cayman Islands

April-2009

USD 100,000




The fund’s assets will be invested mainly in the equities of the emerging market segment of the continent of Africa (North Africa + Sub-Sahara) including Nigeria, Morocco, Egypt, Kenya, Mauritius and others.

Zawya Code IADEAFL.MF

North Africa

USD

NO

138

Oman Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Oman

December-1995

OMR 50



To outperfom the MSM 30 index

The fund’s assets will be invested mainly in securities listed on the Muscat Securities Market. Those securities consist predominantly of those included in the MSM 30.

Zawya Code BMAMSCT.MF

Oman

OMR

NO

CONTACT DETAILS

BankMuscat Muscat FundFund Manager: BankMuscat SAOGAT - Asset Management

Mr. S.R. Krishnan



+968 2 476 8610

[email protected]


Name

PO Box

Tel

Email

Website


139

Oman

OMR

NO

Oman Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: The Financial Corporation CompanyAl Amal Fund JIA

Equity

Oman

April-2005

OMR 100



To achieve capital appreciation and fixed income returns

The fund’s assets will be invested mainly in the shares of companies that are listed on the Muscat Securities Market. The manager may also invest in other GCC stock exchanges in addition to various fixed income instruments focusing at all times on meeting the liquidity requirements of the investors.

Zawya Code FINAIGF.MF

Oman

OMR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Oman Arab Bank

Oman Al Arabi Fund

Equity

Oman

October-2009

OMR 1,000

In multiples of OMR 100 thereafter


To achieve long term capital appreciation along with periodic income distribution

The fund’s assets will be invested mainly in equities listed on Muscat Securities Market and will seek opportunities in IPO and Pre-IPO issues.The fund shall also invest in equities listed on the GCC markets to a lower extent.

Zawya Code OABOAAF.MF

Oman

OMR

NO

140

Oman Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Vision Investment Services Company

Vision Emerging Oman Fund

Equity

Oman

August-2007

100 units

In their multiples thereafter



The fund’s assets will be invested mainly in equities listed on the Muscat stock exchange.

Zawya Code VISOMAN.MF

Oman

OMR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: The Financial Corporation Companyement

Majan Capital Fund JIA

Equity

Oman

November-1995

OMR 100




The fund’s assets will be invested mainly in listed Omani equities and equity related securities. The fund shall also invest in GCC and international equities to a lower extent.

Zawya Code FINMACF.MF

Oman

OMR

NO


141

Oman

OMR

NO

Oman

OMR

NO

Palestinian Territories Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Rasmala Investment Bank LtdRasmala Palestine Equity Fund (Class USD A)

Equity

Luxembourg

May-2011

USD 50,000




The fund’s assets will be invested in a diversified portfolio of growth and value stocks listed exclusively in the Palestine Stock Exchange. It will also invest in securities anticipated to undergo initial public offerings as well as securities at their initial public offering.

Zawya Code RASPEFA.MF

Palestinian Territories

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Palestine Dedicated Fund

Equity

Bahrain

July-2006

USD 50,000




The fund’s assets will be invested mainly in listed Palestinian securities.The fund will also invest in IPO, and Pre-IPO issues.

Zawya Code GLOPALE.MF

Palestinian Territories

USD

NO

142




143

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145

Qatar Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holding

Al Waseela Fund (F Class)

Equity

Qatar

April-2007

QAR 25,000

In multiples of QAR 5,000 thereafter

The Commercial Bank of Qatar

Open for non-Qatari investors


The fund’s assets will be invested mainly in the equities of companies listed on the Doha Stock Exchange. The fund may also invest in other investment funds, bonds, and nonlisted securities in Qatar and other GCC countries.

Zawya Code EFGAWFF.MF

Qatar

QAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Bakheet Investment Groupement

Bakheet Qatari Trading Equity Fund

Equity

Saudi Arabia

October-2011

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on the Qatari Stock Exchange. The fund may also invest to a lesser extent in Murabaha transactions and Murabaha Funds.

Zawya Code BIGQTEF.MF

Qatar

SAR

YES

146

Qatar Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Epicure Managers Qatar LimitedQatar Investment Fund PLC

Equity

Isle of Man

July-2007

1 unit




The fund’s assets will be invested mainly in the equities of companies listed or soon to be listed on the Doha Stock Market (DSM). The manager may also invest in the equities of companies listed or soon to be listed on other GCC coutries, up to a maximum of 15% of its overall assets.

Zawya Code EPIQTRE.MF

Qatar

USD

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


Al Waseela Fund (Q Class)

Equity

Qatar

April-2007

QAR 25,000


The Commercial Bank of Qatar

Open for Qatari investors only


The fund’s assets will be invested mainly in equities of companies listed on the Doha Stock Exchange. The fund may also invest in Qatar Sovereign bonds or bonds issued by the governments of other GCC countries and corporations or mutual funds.

Zawya Code EFGAWFQ.MF

Qatar

QAR

NO

147

Qatar

USD

NO

Qatar

QAR

NO

Qatar Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment Houseement

Al-Beit Al-Mali Shariah Compliant Fund

Equity

Qatar

September-2006

QAR 10,000


Investment House

Open to Qatari investors only


The fund’s assets will be invested mainly in Shariah compliant Qatari equities listed on the Doha stock exchange. The fund may also invest in unlisted Qatari equities.

Zawya Code QNBMALI.MF

Qatar

QAR

YES


148

Qatar Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Saudi Arabia

November-2011

SAR 5,000

In multiples of 2,000 SAR thereafter



The fund’s assets will be invested mainly in Shariah Compliant Qatari Equities. The fund may also invest to a lesser extent in Equities listed on other GCC Markets and in Murabaha transactions.

Zawya Code KSBKQEF.MF

Qatar

SAR

YES

CONTACT DETAILS

KSB Qatar Equity FundFund Manager: KSB Capital GroupAT - Asset Management

Fares Hammouda

Fund Manager

Riyadh 11375, Kingdom of Saudi Arabia

395737

+966 1 207 9979

+966 1 207 9963

[email protected]

www.ksb.com.sa

Name

Address

PO Box

Tel

Fax

Email

Website

149

Qatar

SAR

YES

Qatar Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Bahrain

June-2005

USD 10,000


Open to all investors provided that legislation in their country ofcitizenship or residence allows them to do so


The fund’s assets will be invested mainly in the shares of companies listed on Doha stock exchange in Qatar.

Zawya Code MAKQTRE.MF

Qatar

USD

NO

CONTACT DETAILS

Makaseb Qatar Equity FundFund Manager: MashreqbankAT - Asset Management

Ibrahim Masood


1250, Dubai, UAE

+971 4 207 8811

[email protected]

www.mashreqbank.com

Name

PO Box

Tel

Email

Website

150

Qatar Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: QNB Banque Privee (Suisse) SAAl Watani Fund 2

Equity

Qatar

October-2005

QAR 20,000


Qatar National Bank

Open to non-Qatari investors

To achieve capital appreciation in excess of the Doha SM index

The fund’s assets will be invested mainly in Qatari equities listed on the Doha stock exchange. The fund shall also invest in local investment funds.

Zawya Code QNBWAT2.MF

Qatar

QAR

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: QNB Banque Privee (Suisse) SA

Al Watani Fund

Equity

Qatar

October-2005

QAR 20,000


Qatar National Bank

Open to Qatari investors only

To achieve capital appreciation in excess of the Doha SM index

The fund’s assets will be invested mainly in Qatari equities listed on the Doha stock exchange. The fund shall also invest in local investment funds.

Zawya Code QNBWAT1.MF

Qatar

QAR

NO

151

Qatar

QAR

NO

Qatar

QAR

NO

Qatar Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


Qatar Gate Fund (N)

Equity

Qatar

September-2005

QAR 100,000


Amwal

Open for non-Qatari investors


The fund’s assets will be invested mainly in Qatari equities listed on the Qatar exchange. The fund may also invest in equities listed on other GCC markets that focus on the Qatari market.

Zawya Code AMWQATN.MF

Qatar

QAR

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: SHUAA Capitalement

Qatar Gate Fund (Q)

Equity

Qatar

September-2005

QAR 100,000


Amwal

Open to Qatari nationals only


The fund’s assets will be invested mainly in Qatari equities listed on the Qatar exchange. The fund may also invest in equities listed on other GCC markets that focus on the Qatari market.

Zawya Code AMWQATQ.MF

Qatar

QAR

NO

152

Qatar Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Awwal Financial ServicesAlawwal Saudi Equity Fund

Equity

Saudi Arabia

September-2009

5,000 units or SAR 50,000 depending on which one has a higher value

In multiples of 1,000 units or SAR 10,000 dependIng on which one has a higher value



The fund’s assets will be invested mainly in a well diversified portfolio of listed Shariah compliant Saudi equities.

Zawya Code AWLASEF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Watani Investment Company

NBK Qatar Equity Fund

Equity

Bahrain

May-2006

USD 100,000




The fund’s assets will be invested mainly in equities of companies listed on the Qatari stock exchange.The fund may invest, from time to time in non-Qatari stocks.

Zawya Code NBKQATR.MF

Qatar

USD

NO

Saudi Arabia Equity


153

Saudi Arabia

SAR

YES

Qatar

USD

NO

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al Mal Saudi Shariah Equity Fund

Equity

UAE

March-2011

USD 50,000




The fund’s assets will be invested mainly in Shariah-compliant equities listed on the Saudi Stock Exchange. The fund may also invest to a lesser extent in Shariah compliant cash instruments and Shariah compliant equities listed in other GCC Stock markets.

Zawya Code MALSSEF.MF

Saudi Arabia

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Bilad Investment Companynt

Asayel Fund

Equity

Saudi Arabia

January-2006

SAR 8,000




The fund’s assets will be invested mainly in Shariah compliant equities of Saudi companies listed on the Saudi Stock Exchange .

Zawya Code BABASYL.MF

Saudi Arabia

SAR

YES

154

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Alinma Investment Company

Alinma Saudi Equity Fund

Equity

Saudi Arabia

January-2011

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on the Saudi Arabian stock exchange.

Zawya Code ALNSEQF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi Capitalnt

Al Rajhi Local Shares Fund

Equity

Saudi Arabia

July-1992

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant equities in Saudi Arabia. The fund may also invest in equities of other countries of the GCC.

Zawya Code RAJLOCS.MF

Saudi Arabia

SAR

YES

155

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al-Nefaie Investment Group

Al-Nefaie Saudi Equity Trading Fund

Equity

Saudi Arabia

October-2011

SAR 10,000

In multiples of SAR 2,000 thereafter for Individual Investors



The fund’s assets will be invested mainly in Shariah-compliant equities listed on the Saudi Stock Market. The fund will also invest in IPO issues while maintaining a maximum of 10% of its assets in Cash.

Zawya Code ANESETF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Aljazira Capitalnt

Al Taiyebat Saudi Equity Fund

Equity

Saudi Arabia

December-1999

SAR 5,000

In multiples of SAR 500 thereafter



The fund’s assets will be invested mainly in Shariah compliant equities listed on the Saudi stock exchange. The fund shall also invest in Murabaha transactions to maintain liquidity.

Zawya Code BAJKSAE.MF

Saudi Arabia

SAR

YES

156

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al Mubarak Saudi Equity Fund

Equity

Saudi Arabia

May-1993

SAR 7,500


Open to Saudi nationals and residents only


The fund’s assets will be invested mainly in Shariah compliant equities listed on the Saudi stock exchange.

Zawya Code ANBCOMP.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ANB Investnt

Al Mubarak Pure Saudi Equity Fund

Equity

Saudi Arabia

October-2005

SAR 7,500





Zawya Code ANBPURE.MF

Saudi Arabia

SAR

YES

157

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Bakheet Investment Group

Bakheet Saudi Trading Equity Fund

Equity

Saudi Arabia

May-2007

SAR 10,000



To achieve capital appreciation in excess of the S&P Saudi Arabia Shariah Index

The fund’s assets will be invested mainly in Shariah compliant equities listed on the Saudi stock exchange. The fund shall also invest in Saudi Murabaha funds to a lower extent.

Zawya Code BIGBSTE.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ANB Investt

Al Arabi Saudi Equity Fund

Equity

Saudi Arabia

April-1992

SAR 7,500



To achieve long term capital appreciation in excess of the Tadawul All Shares Index benchmark

The fund’s assets will be invested mainly in equities listed on the Saudi stock exchange.

Zawya Code ANBKSAE.MF

Saudi Arabia

SAR

NO

158

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes KSA

EFG-Hermes Saudi Arabia Equity Fund

Equity

Saudi Arabia

June-2008

SAR 50,000




The fund’s assets will be invested mainly in equities listed on the Saudi Stock Exchange. The fund may also invest in unlisted equity securities, fixed income and money market instruments.

Zawya Code EFGKSAE.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager:Blominvest Saudi Arabiant

BLOM Saudi Arabia Fund

Equity

Saudi Arabia

July-2011

SAR 10,000




The fund’s assets will be invested mainly in equities listed on the Saudi Stock Market. The fund will also invest to a lesser extent in short term fixed income and money market instruments.

Zawya Code BLSSARF.MF

Saudi Arabia

SAR

NO

159

Saudi Arabia

SAR

NO

Saudi Arabia

SAR

NO

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment House Saudi Arabia

Global Shariah Compliant Saudi Equity Fund

Equity

Saudi Arabia

March-2009

SAR 10,000




The fund’s assets will be invested mainly in listed Shariah compliant equities in Saudi Arabia.

Zawya Code GSASEAN.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Falcom Financial Servicest

Falcom Saudi Equity Fund

Equity

Saudi Arabia

May-2007

SAR 10,000





Zawya Code FALSEFS.MF

Saudi Arabia

SAR

YES

160

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


HSBC Saudi Equity Trading Fund

Equity

Saudi Arabia

November-1997

SAR 5,000




The fund’s assets will be invested mainly in shares of listed and non listed Saudi companies excluding banks. The fund may invest to a lesser extent in short-term Shariah compliant money market instruments.

Zawya Code HSBSAET.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment House Saudi Arabia

Global Saudi Equity Fund

Equity

Saudi Arabia

January-2009

SAR 10,000




The fund’s assets will be invested mainly in listed equities in Saudi Arabia.

Zawya Code GSAGSEF.MF

Saudi Arabia

SAR

NO


161

Saudi Arabia

SAR

NO

Saudi Arabia

SAR

NO

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


HSBC Saudi Equity Fund

Equity

Saudi Arabia

December-1992

SAR 5,000




The fund’s assets will be invested mainly in a combination of shares of Saudi Arabian companies and other marketable securities denominated in Saudi Riyal. The manager will keep a portion of the fund in cash to maintain liquidity.

Zawya Code HSBKSAE.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


HSBC Amanah Saudi Equity Fund

Equity

Saudi Arabia

May-2004

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant Saudi equities.

Zawya Code HSBASAE.MF

Saudi Arabia

SAR

YES

162

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Khalijia Invest

Khalijia Invest - Saudi Equity Fund

Equity

Saudi Arabia

July-2010

SAR 10,000


Open to GCC citizens and Saudi residents


The fund’s assets will be invested mainly in Shariah compliant equities listed on the Saudi stock exchange. The fund shall also invest to a lesser extent in Saudi IPOs, Shariah compliant Saudi index funds, and in Murabaha transactions and funds.

Zawya Code KHASEQF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Jadwa Saudi Equity Fund

Equity

Saudi Arabia

June-2007

SAR 50,000




The fund’s assets will be invested mainly in a diversified portfolio of Shariah-compliant companies listed on the Saudi equity market. It may also invest up to 25% of its assets in other Saudi equity investment funds which comply with the Shariah committee guidlines.

Zawya Code JADSAUD.MF

Saudi Arabia

SAR

YES

163

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Saudi Arabia

April-2008

SAR 10,000




The fund’s assets will be invested mainly in Shariah compliant Saudi equities listed on the Saudi stock exchange. The fund may also invest in Saudi IPO issues.

Zawya Code KSBSEFS.MF

Saudi Arabia

SAR

YES

CONTACT DETAILS

KSB Saudi Equity Fund Fund Manager: KSB Capital GroupAT - Asset Management

Fares Hammouda

Fund Manager


395737

+966 1 207 9979

+966 1 207 9963

[email protected]

www.ksb.com.sa

Name

Address

PO Box

Tel

Fax

Email

Website

164

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Morgan Stanley Saudi Arabia

Morgan Stanley Saudi Equity Fund

Equity

Saudi Arabia

January-2009

SAR 50,000




The fund’s assets will be invested mainly in equities listed on the Saudi stock exchange. The fund may also invest in Saudi IPOs.

Zawya Code MSTMSSE.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Middle East Financial Investment Company

MEFIC Saudi Equity Fund

Equity

Saudi Arabia

January-2010

SAR 5,000





Zawya Code MEFSEQF.MF

Saudi Arabia

SAR

YES

165

Saudi Arabia

SAR

NO

Saudi Arabia

SAR

YES

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


AlAhli Saudi Mid-Cap Equity Fund

Equity

Saudi Arabia

August-2008

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant Mid Cap equities within Saudi Arabia. The fund shall also invest in Saudi Small Cap equities to a lesser extent.

Zawya Code NCBSMCE.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


AlAhli Saudi Trading Equity Fund

Equity

Saudi Arabia

June-1998

SAR 5,000





Zawya Code NCBKSAE.MF

Saudi Arabia

SAR

YES

166

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Riyad Equity Fund 2

Equity

Saudi Arabia

November-1996

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant Saudi equities.

Zawya Code RYDEQT2.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Rana Investment Company

Rana Saudi Equity Fund

Equity

Saudi Arabia

November-2007

SAR 5,000




The fund’s assets will be invested mainly in equities listed on the Saudi stock exchange. The fund may also invest in debt and money market securities and bank deposits.

Zawya Code RANRSEF.MF

Saudi Arabia

SAR

NO

167

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

NO

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Riyad Equity Fund 1

Equity

Saudi Arabia

December-1992

SAR 5,000




The fund’s assets will be invested mainly in Saudi equities.


Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Riyad Equity Fund 3

Equity

Saudi Arabia

December-2000

SAR 5,000




The fund’s assets will be invested mainly in Saudi equities.


Saudi Arabia

SAR

NO

168

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


SAIB Saudi Companies Fund

Equity

Saudi Arabia

April-2005

SAR 10,000




The fund’s assets will be invested mainly in Shariah compliant Saudi equities. The fund shall also invest in money market instruments to a lower extent.

Zawya Code SIBCOMP.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Riyad Small and Medium Cap Fund

Equity

Saudi Arabia

December-2009

SAR 5,000




The fund’s assets will be invested mainly in stocks of small and medium cap Shariah compliant Saudi companies.

Zawya Code RYDRSMC.MF

Saudi Arabia

SAR

YES

169

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al Musahem Fund

Equity

Saudi Arabia

May-1992

SAR 7,500





Zawya Code SMBMSHM.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


SAIB Saudi Equity Fund

Equity

Saudi Arabia

July-2004

SAR 10,000





Zawya Code SIBKSAE.MF

Saudi Arabia

SAR

NO

170

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al Raed Fund

Equity

Saudi Arabia

December-2002

SAR 7,500




The fund’s assets will be invested mainly in listed Shariah compliant Saudi equities.

Zawya Code SMBRAED.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al Fareed Fund

Equity

Saudi Arabia

December-2003

SAR 7,500



To achieve long term capital appreciation along with steady income


Zawya Code SMBFARD.MF

Saudi Arabia

SAR

NO

171

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

NO

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al-Saffa Saudi Equity Trading Fund

Equity

Saudi Arabia

July-2005

SAR 2,000



To achieve medium to long term capital appreciation in excess of the S&P Saudi Arabia Shariah Top 40 Index

The fund’s assets will be invested mainly in Shariah compliant equities listed on the Saudi stock market.

Zawya Code BSFSAFA.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al Ataa Saudi Equity Fund

Equity

Saudi Arabia

July-2011

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on the Saudi Stock Exchange.

Zawya Code SMBASEF.MF

Saudi Arabia

SAR

YES

172

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital Company

Al Yusr Saudi Equity Fund

Equity

Saudi Arabia

July-1995

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on the Saudi stock exchange. The fund shall also invest in short term money market instruments to a lower extent.

Zawya Code SHBKSAE.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Saudi Istithmar Fund

Equity

Saudi Arabia

June-1993

SAR 2,000




The fund’s assets will be invested mainly in listed Saudi equities.

Zawya Code BSFISTH.MF

Saudi Arabia

SAR

NO

173

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

NO

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Saudi Equity Fund

Equity

Saudi Arabia

November-2005

SAR 5,000




The fund’s assets will be invested mainly in equities listed on the Saudi stock exchange. The fund may also invest in short term money market instruments.

Zawya Code SHBCOMP.MF

Saudi Arabia

SAR

NO

174

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Bahrain

January-2011

USD 100,000

In multiples of 1,000 units thereafter



The fund’s assets will be invested mainly in equity securities listed in Saudi Arabia. The fund shall also invest to a lower extent in debt securities.

Zawya Code SICOKEQ.MF

Saudi Arabia

USD

NO

CONTACT DETAILS

SICO Kingdom Equity FundFund Manager: Securities & Investment Company

Shakeel Sarwar



+ 973 1 751 5000 Ext 5007

[email protected]

www.sicobahrain.com

Name

PO Box

Tel

Email

Website


175

Saudi Arabia

USD

NO

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: SHUAA Capital Saudi Arabia

Saudi Equity Gateway Fund

Equity

Saudi Arabia

January-2010

SAR 10,000


Open to all Saudi citizens and residents


The fund’s assets will be invested mainly in equities listed on the Saudi stock exchange. The fund shall also invest in Saudi IPO issues, Murabaha transactions and investment funds when applicable.

Zawya Code SHKSEGF.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Saudi Gateway Fund LTD.

Equity

Cayman Islands

July-2007

USD 100,000


Open to all investors excluding Cayman Islands residents


The fund’s assets will be invested mainly in Saudi equities listed on the Saudi stock exchange. The fund may also invest in Saudi equities listed on other stock exchanges.

Zawya Code SHUSAGT.MF

Saudi Arabia

USD

NO

176

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: The Investor Company for Securities

The Investor Al Hurr Saudi Equity Fund

Equity

Saudi Arabia

June-2009

SAR 10,000




The fund’s assets will be invested mainly in listed Shariah compliant Saudi equities.

Zawya Code TICHSEF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: SHUAA Capital Saudi Arabia

Islamic Saudi Equity Gateway Fund

Equity

Saudi Arabia

January-2010

SAR 10,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on the Saudi stock exchange. The fund shall also invest in Shariah compliant Saudi IPO issues, Murabaha transactions and investment funds when applicable.

Zawya Code SHKISEG.MF

Saudi Arabia

SAR

YES

177

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES

Saudi Arabia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Jadwa Africa Equity Freestyle Fund

Equity

Saudi Arabia

June-2008

USD 15,000


Open to GCC nationals and KSA residents. Non GCC residents need the CMA’s authorization.


The fund’s assets will be invested mainly in a diversified portfolio of Shariah compliant companies listed on the African equity markets.

Zawya Code JADJAEF.MF

South Africa

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Watan Investment and Securities Company

Watan Saudi Equity Fund

Equity

Saudi Arabia

July-2009

SAR 10,000




The fund’s assets will be invested mainly in equities listed on the Saudi stock exchange. The fund may also invest in other Saudi funds.

Zawya Code WICWSEF.MF

Saudi Arabia

SAR

NO

South Africa Equity


178

South East Asia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Abu Dhabi Commercial Bank

Al Nokhitha Fund

Equity

UAE

March-2005

AED 10,000



To achieve medium to long-term capital growth

The fund’s assets will be invested mainly in equities listed on the Abu Dhabi Securities Market and the Dubai Financial Market. The fund may also invest in equities listed on stock exchanges in other GCC countries or elsewhere, in addition to other securities.

Zawya Code ADCNOKH.MF

UAE

AED

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


South East Asia Fund

Equity

Saudi Arabia

May-1992

USD 2,500




The fund’s assets will be invested mainly in South East Asian equities except Japan.

Zawya Code RYDSEAF.MF

South East Asia

USD

NO

UAE Equity


179

UAE

AED

NO

South East Asia

USD

NO

UAE Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Daman Investments

Daman Islamic Fund

Equity

UAE

May-2007

AED 200,000


Open to foreign investors excluding US investors


The fund’s assets will be invested mainly in a diversified portfolio of listed and non-listed Shariah compliant UAE equities.

Zawya Code DMNISLM.MF

UAE

AED

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al Mal UAE Equity Fund

Equity

UAE

April-2006

AED 1,000,000


Open to all investors excluding US


The fund’s assets will be invested mainly in equities of companies listed on the Abu Dhabi Securities Market (ADSM) and the Dubai Financial Market (DFM).The fund may also invest in equities of companies listed on the stock exchanges of other GCC countries.

Zawya Code MALEQTY.MF

UAE

AED

NO

180

UAE Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Daman Speculator Fund

Equity

UAE

July-2008

AED 200,000




The fund’s assets will be invested mainly in the equities listed on the UAE stock exchanges. The fund may also invest in bonds, non-listed securities, IPOs and Pre-IPOs.

Zawya Code DMNSPEC.MF

UAE

AED

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Daman Second Emirates Fund

Equity

UAE

March-2007

AED 200,000




The fund’s assets will be invested mainly in a diversified portfolio of equities listed on the UAE stock exchange. The fund shall also invest in IPOs, pre-IPOs and non-listed securities.

Zawya Code DMN2NDE.MF

UAE

AED

NO

181

UAE

AED

NO

UAE

AED

NO

UAE Equity




Domicile Currency


Min Subscription


Eligibility


Equity

Bahrain

June-2005

USD 10,000




The fund’s assets will be invested mainly in the shares of companieslisted on the UAE stock markets.

Zawya Code MAKEMRO.MF

UAE

USD

NO

CONTACT DETAILS

Makaseb Emirates Opportunities FundFund Manager: MashreqbankManagement

Name

PO Box

Tel

Email

Website

Ibrahim Masood


1250, Dubai, UAE

+971 4 207 8811

[email protected]

www.mashreqbank.com

182

UAE Equity



Ibrahim Masood


1250, Dubai, UAE

+971 4 207 8811

[email protected]

www.mashreqbank.com


Domicile Currency


Min Subscription


Eligibility


Equity

Bahrain

February-2005

USD 10,000




The fund’s assets will be invested mainly in the shares of listedcompanies on the UAE stock exchanges.

Zawya Code MAKEMRE.MF

UAE

USD

NO

CONTACT DETAILS

Name

PO Box

Tel

Email

Website

Makaseb Emirates Equity FundFund Manager: MashreqbankManagement

183

UAE

USD

NO

UAE Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

NBAD UAE Distribution Fund

Equity

UAE

February-2006

AED 10,000



To achieve capital appreciation along with steady dividend income

The fund’s assets will be invested mainly in UAE and GCC equities. The fund may also invest in fixed income securities and real estate instruments.

Zawya Code NADDSTB.MF

UAE

AED

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


NBAD UAE Growth Fund

Equity

UAE

October-2000

AED 10,000




The fund’s assets will be invested mainly in UAE equity markets. The fund may also invest in other securities such as fixed income instruments and third party investments.

Zawya Code NADGRWT.MF

UAE

AED

NO


184

UAE Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

NBAD UAE Islamic Fund

Equity

UAE

January-2005

AED 10,000




The fund’s assets will be invested mainly in listed Shariah compliant UAE equities. The fund may also invest in other listed equities in the Arab markets and third party investments.

Zawya Code NADISLM.MF

UAE

AED

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


NBAD UAE Trading Fund

Equity

UAE

January-2004

AED 10,000



To achieve short term capital appreciation

The fund’s assets will be invested mainly in UAE equities. The fund may also invest in GCC and Arab equities to a lower extent.

Zawya Code NADTRDG.MF

UAE

AED

NO


185

UAE

AED

YES

UAE

AED

NO

UAE Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

TNI UAE Blue Chip Fund

Equity

UAE

April-2005

AED 350,000




The fund’s assets will be invested mainly in equity securities publicly traded primarily in the UAE, and to a lesser extent in other GCC member countries.

Zawya Code TNIBLUE.MF

UAE

AED

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Emirates Gateway Fund

Equity

UAE

April-2002

AED 200,000




The fund’s assets will be invested mainly in equities listed on the UAE stock exchanges. The fund may also invest in UAE fixed income securities.

Zawya Code SHUEMGT.MF

UAE

AED

NO

Fund Manager: The National Investor


186

United Kingdom Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Arabi US Equity Fund

Equity

Saudi Arabia

August-2001

USD 2,000




The fund’s assets will be invested mainly in equities of large US companies.

Zawya Code ANBAAUE.MF

United States

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


British Stock Fund

Equity

Saudi Arabia

May-1992





The fund’s assets will be invested mainly in British equities.

Zawya Code RYDBRSH.MF

United Kingdom

GBP

NO


United States Equity


187

United States

USD

NO

United Kingdom

GBP

NO





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

AlAhli Small Cap Trading Equity Fund

Equity

Saudi Arabia

August-1998

USD 2,000



To achieve long term capital growth and competitive returns

The fund’s assets will be invested mainly in equities of Shariah compliant US and non-US small cap companies.

Zawya Code NCBSCTE.MF

United States

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


AlAhli US Trading Equity Fund

Equity

Saudi Arabia

January-1993

USD 2,000




The fund’s assets will be invested mainly in the securities of Shariah-compliant companies listed on US stock markets. The fund will place uninvested cash balances in Shariah-compliant Murabaha transactions.

Zawya Code NCBUSTE.MF

United States

USD

YES


188





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Rajhi Global Small Cap Equity Fund

Equity

Saudi Arabia

June-1999

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant global small cap companies.

Zawya Code RAJRGSC.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


American Stock Fund

Equity

Saudi Arabia

May-1992

USD 2,500




The fund’s assets will be invested mainly in American equities.

Zawya Code RYDAMRC.MF

United States

USD

NO

Fund Manager: Al Rajhi Capital

Worldwide Equity


189

Worldwide

USD

YES

United States

USD

NO

Worldwide Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Khair Global Equity Fund

Equity

Saudi Arabia

September-1998

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant equity securities of companies listed in American, European, Asian, African, and Pacific stock markets. It may also invest in Murabaha transactions.

Zawya Code BAJAKEF.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al Rajhi Global Equity Fund

Equity

Saudi Arabia

July-1996

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant global equity securities.

Zawya Code RAJRGEF.MF

Worldwide

USD

YES

Fund Manager: Aljazira Capital

190

Worldwide Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Emirates Emerging Market Equity Fund Institutional Share Class

Equity

Channel Islands

November-2007

USD 1,000,000




The fund’s assets will be invested mainly in Shariah compliant global equities. The fund will employ quantitative models of investment in its asset mix.

Zawya Code EBKIETI.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al Mubarak Global Equity Fund

Equity

Saudi Arabia

April-1999

USD 2,000




The fund’s assets will be invested mainly in a diversified portfolio of worldwide Shariah compliant equities.

Zawya Code ANBAMGE.MF

Worldwide

USD

YES


191

Worldwide

USD

YES

Worldwide

USD

YES

Worldwide Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

AlAhli Global Trading Equity Fund

Equity

Saudi Arabia

January-1995

USD 2,000




The fund’s assets will be invested mainly in the securities of Shariah-compliant companies listed on Global stock markets. The fund will place uninvested cash balances in Shariah compliant Murabaha transactions.

Zawya Code NCBAGTE.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Mayar Capital Management Ltd

Mayar Fund Ltd.

Equity

Cayman Islands

May-2011

USD 100,000


Open to qualified investors. (Please refer to prospectus)


The fund’s assets will be invested mainly in global Shariah compliant listed equities, following a value investing strategy.

Zawya Code MAYMAYF.MF

Worldwide

USD

YES


192

Worldwide Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Natural Resources Fund

Equity

Saudi Arabia

April-2008

USD 2,500




The fund’s assets will be invested mainly in commodities and securities of natural resources associated companies.

Zawya Code RYDNTRS.MF

Worldwide

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Global Equity Fund

Equity

Saudi Arabia

May-1999

USD 2,500




The fund’s assets will be invested mainly in international Shariah compliant equities.

Zawya Code RYDGEQF.MF

Worldwide

USD

YES


193

Worldwide

USD

NO

Worldwide

USD

YES

Worldwide Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Samba Capital Global Equity Fund

Equity

Saudi Arabia

September-2011

USD 2,000




The fund’s assets will be invested mainly in Global Equities .The fund may also invest in cash or money market instruments.

Zawya Code SMBGEFU.MF

Worldwide

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


International Fund

Equity

Saudi Arabia

August-2001

USD 2,500




The fund’s assets will be invested mainly in international equities.

Zawya Code RYDINTF.MF

Worldwide

USD

NO


194




197

China Feeder




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Jadwa Emerging Markets Equity Fund

Feeder

Saudi Arabia

December-2007

USD 15,000




The fund’s assets will be invested mainly in The Emerging Markets Equity Fund (the Foreign Fund) of Russell Jadwa Shariah Based Funds plc.

Zawya Code JADEMEF.MF

Emerging Markets

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


China Opportunities Fund

Feeder

Saudi Arabia

June-2005

USD 2,000


Open to all Investors


The fund’s assets will be invested mainly in Chinese equities through a Master Fund called the Nomura China Opportunities Fund.

Zawya Code SMBCHOF.MF

China

USD

NO


Emerging Markets Feeder


198

MENA Feeder




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

IIAB MENA Feeder Fund

Feeder

Channel Islands

April-2008

USD 25,000




The fund’s assets will be invested mainly in the Master Fund (IIAB Islamic MENA Fund) which in turn will invest mainly in listed and unlisted Shariah compliant equities in the MENA region.

Zawya Code ABMIMFF.MF

MENA

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Arab Bank Fund Managers (Guernsey)

AB MENA Feeder Fund

Feeder

Channel Islands

February-2008

USD 25,000




The fund’s assets will be invested mainly in the Master Fund (Arab Bank MENA Fund) which in turn will invest in equity securities within the MENA region. The fund may also invest in bonds.

Zawya Code ABMABMF.MF

MENA

USD

NO

Fund Manager: Arab Bank Fund Managers (Guernsey)

199

MENA

USD

YES

MENA

USD

NO

Oman Feeder




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Jadwa World Equity Fund

Feeder

Saudi Arabia

December-2007

USD 15,000




The fund’s assets will be invested mainly in a Shariah-compliant foreign fund named The World Equity Fund, which is part of Russell Jadwa Shariah Based Funds plc.

Zawya Code JADJWEF.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Muscat Capital LLC

Muscat Capital Oman Premier Fund

Feeder

Saudi Arabia

July-2011

SAR 10,000




The fund’s assets will be invested mainly in the Master Fund (BankMuscat Muscat Fund) which in turn will invest in securities listed on the Sultanate of Oman Muscat Securities Market which consist primarily of those included on the MSM 30.

Zawya Code MUCOMPF.MF

Oman

SAR

NO


Worldwide Feeder


200




203

Egypt Fixed Income




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Bank of Alexandria Fixed Income Fund

Fixed Income

Egypt

April-2010

100 units



To achieve capital appreciation and periodic income distribution

The fund’s assets will be invested mainly in Egyptian short, medium, and long term fixed income instruments, such as treasury bills, treasury bonds, corporate bonds, and bank deposits.

Zawya Code EFGBAFI.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: CI Asset Management

Commercial International Bank Fixed Income Fund

Fixed Income

Egypt

September-2011

250 units




The fund’s assets will be invested mainly in medium and long term fixed income instruments such as government and corporate debt instruments, repurchase agreements and certificates of deposit. The fund may also in invest to a lesser extent in other money market funds to preserve liquidity.

Zawya Code CIBFIFT.MF

Egypt

EGP

NO


204

Egypt Fixed Income




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Watany Bank of Egypt Fixed Income Fund

Fixed Income

Egypt

October-2011

500 units




The fund’s assets will be invested mainly in medium and long term fixed income instruments such as government and corporate debt instruments, repurchase agreements and certificates of deposit. The fund may also in invest to a lesser extent in other money market funds to preserve liquidity.

Zawya Code NBKWFIF.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


National Bank of Egypt Fixed Income Fund

Fixed Income

Egypt

October-2011

1 unit




The fund’s assets will be invested mainly in Fixed Income instruments such as debt instruments issued by the government and companies as well as certificates of deposit and repurchase agreements. The fund may also invest to a lesser extent in Money Market Funds to preserve liquidity.


Egypt

EGP

NO

Fund Manager: NBK Capital Asset Management Egypt

205

Egypt

EGP

NO

Egypt

EGP

NO

GCC Fixed Income




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Gulf Bond Fund

Fixed Income

Bahrain

March-2005

USD 100,000



To achieve capital preservation along with reasonable returns

The fund’s assets will be invested mainly in bonds and debt instruments incorporated in the GCC countries. The fund may also invest in bonds incorporated outside the GCC countries.

Zawya Code GICBOND.MF

GCC

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Commercial Bank of Dubai

Al Dana GCC Income Fund

Fixed Income

UAE

June-2010

USD 25,000



To achieve capital return and income distribution

The fund’s assets will be invested mainly in fixed income securities in the GCC region including government and corporate bonds, Sukuks, debentures and other similar financial instruments.

Zawya Code CBDGCCI.MF

GCC

USD

NO


206

GCC Fixed Income




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Rasmala GCC Fixed Income Fund

Fixed Income

Cayman Islands

March-2009

USD 270,000


Open to all investors excluding US and Cayman Islands investors


The fund’s assets will be invested mainly in fixed income securities in the GCC region such as government bonds, corporate bonds, and Sukuks.

Zawya Code RASGFIF.MF

GCC

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Markaz Fixed Income Fund

Fixed Income

Kuwait

January-2011

300 units



To achieve stable returns with low volatility

The fund’s assets will be invested mainly in high grade, high quality bonds and sukuk issued by sovereigns, quasi-sovereign institutions and highly rated corporations in the GCC.

Zawya Code KFCFIXE.MF

GCC

USD

NO

Fund Manager: Rasmala Investment Bank Ltd

207

GCC

USD

NO

GCC

USD

NO

Kuwait Fixed Income




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

GIC KD Bond Fund

Fixed Income

Kuwait

May-2003

1000 units




The fund’s assets will be invested mainly in Kuwaiti bonds and debt instruments. The fund shall also invest in investment funds and money market instruments to a lower extent.

Zawya Code GICKDBD.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Global Bond Fund

Fixed Income

Kuwait

January-2002

3,000 units




The fund’s assets will be invested mainly in Kuwaiti Treasury Bonds, Corporate Bonds, Money Market Funds, Fixed Deposits and Islamic Murabaha.

Zawya Code GLOBOND.MF

Kuwait

KWD

NO


208

Kuwait Fixed Income




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

KIC Bond Fund

Fixed Income

Kuwait

July-2003

5,000 units



To achieve medium to long term high returns

The fund’s assets will be invested mainly in Kuwaiti T-Bills, as well as mid-term and long-term Bonds issued by Kuwaiti corporations and companies.

Zawya Code KICBOND.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: KIPCO Asset Management Company

Bond and High Yield Fund

Fixed Income

Kuwait

March-2003

3,000 units



To achieve long term capital returns

The fund’s assets will be invested mainly in corporate bonds and debt instruments denominated in KWD. The fund shall also invest in Kuwaiti money market securities to a lower extent.

Zawya Code KAMBOND.MF

Kuwait

KWD

NO

Fund Manager: Kuwait Investment Company

Kuwait

KWD

NO

Kuwait

KWD

NO

Boost your Earnings and Maximize your SavingsBank of Beirut has been consistently in the lead in Funds Management since the year 2000. As one of the major players and active promoters of fixed income products in both Lebanon and the region, we continue to generate high returns to our customers.

Contact our dedicated Asset Management professional team, whose expertise will guide you to maximizing your yield on investments.

See for yourselves…. it makes all the difference when reaping a financially rewarding experience.…

211

Lebanon Fixed Income



Mona Gabriel


11-7354, Beirut, Lebanon

+961 1 960 550

[email protected]

www.bankofbeirut.com.lb


Domicile Currency


Min Subscription


Eligibility


Fixed Income

Lebanon

February-2009

LBP 15,000,000




The fund’s assets will be invested mainly in fixed income instruments issued by the Central Bank of Lebanon. The fund may also invest in preferred shares, certificates of deposits and fixed income securities issued by the top ten Lebanese Banks.

Zawya Code BOBLFII.MF

Lebanon

LBP

NO

CONTACT DETAILS

Name

PO Box

Tel

Email

Website

Beirut Lira Fund IIFund Manager: Bank of Beirut Invest s.a.l.AT - Asset Management

212





Domicile Currency


Min Subscription


Eligibility


Fixed Income

Lebanon

August-2009

LBP 15,000,000




The fund’s assets will be invested mainly in a diversified portfolio of Lebanese Treasury Bills, Certificates of Deposit and Time Deposits, all denominated in Lebanese Pounds. The fund may also invest in any other fixed income instruments issued by the Lebanese Republic or the Central Bank of Lebanon.

Zawya Code BOBGFII.MF

Lebanon

LBP

NO

CONTACT DETAILS

Beirut Golden Income Fund IIFund Manager: Bank of Beirut Invest s.a.l.

Mona Gabriel



+961 1 960 550

[email protected]


Name

PO Box

Tel

Email

Website

213

Lebanon

LBP

NO





Domicile Currency


Min Subscription


Eligibility


Fixed Income

Lebanon

October-2009

USD 10,000




The fund’s assets will be invested mainly in fixed income instruments issued by the Lebanese Government denominated in US Dollars such as Eurobonds, and Certificates of deposit. The fund may also invest in the Preferred shares of the 10 leading banks in Lebanon.

Zawya Code BOBOPRT.MF

Lebanon

USD

NO

CONTACT DETAILS

Beirut Opportunities FundFund Manager: Bank of Beirut Invest s.a.l.

Mona Gabriel



+961 1 960 550

[email protected]


Name

PO Box

Tel

Email

Website

214





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fixed Income

Lebanon

August-2010

1 unit



To achieve medium to long term capital appreciation along with steady income

The fund’s assets will be invested mainly in USD denominated fixed income instruments such as Lebanese Government Eurobonds, Central Bank’s Certificates of Deposit and governmental bonds issued by the state of Qatar.

Zawya Code BOBERFU.MF

Lebanon

USD

NO

CONTACT DETAILS

Excess Return FundFund Manager: Bank of Beirut Invest s.a.l.

Mona Gabriel



+961 1 960 550

[email protected]


Name

PO Box

Tel

Email

Website

215

Lebanon

USD

NO





Domicile Currency


Min Subscription


Eligibility


Fixed Income

Lebanon

March-2010

LBP 15,000,000




The fund’s assets will be invested mainly in treasury bills issued by the Lebanese Republic, certificates of deposit issued by the Central Bank of Lebanon, and any other fixed income financial instruments and securities issued by the Lebanese Republic, the Central Bank of Lebanon and the Top Ten Lebanese Banks.

Zawya Code BOBOPIF.MF

Lebanon

LBP

NO

CONTACT DETAILS

Optimal Investment FundFund Manager: Bank of Beirut Invest s.a.l.

Mona Gabriel



+961 1 960 550

[email protected]


Name

PO Box

Tel

Email

Website

216





Domicile Currency


Min Subscription


Eligibility


Fixed Income

Lebanon

August-2008

USD 10,000




The fund’s assets will be invested mainly in Lebanese and international Eurobonds as well as in preferred shares. The fund may also invest in other fixed income instruments.

Zawya Code BOBINMF.MF

Lebanon

USD

NO

CONTACT DETAILS

International Mix FundFund Manager: Bank of Beirut s.a.l.

Mona Gabriel



+961 1 960 550

[email protected]


Name

PO Box

Tel

Email

Website

217

Lebanon

USD

NO





Domicile Currency


Min Subscription


Eligibility


Fixed Income

Lebanon

May-2006

USD 10,000




The fund’s assets will be invested mainly in the preferred shares issued by major Lebanese leading banks. The fund will also invest in other Lebanese fixed income instruments.

Zawya Code BOBPREF.MF

Lebanon

USD

NO

CONTACT DETAILS

Beirut Preferred FundFund Manager: Bank of Beirut s.a.l.

Mona Gabriel



+961 1 960 550

[email protected]


Name

PO Box

Tel

Email

Website

218





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Mal MENA Income Fund

Fixed Income

Cayman Islands

February-2009

USD 100,000




The fund’s assets will be invested mainly in fixed income securities within the MENA region. The fund may also invest in sukuk, equities and equity-related securities.

Zawya Code MALMNIF.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Blominvest Bank

Blom Bond Fund

Fixed Income

Bahrain

September-2009

USD 100,000


Open to all investors excluding US and UK citizens

To achieve medium to long term capital appreciation along with steady income

The fund’s assets will be invested mainly in USD denominated fixed income instruments such as Lebanese Government Eurobonds, Central Bank’s Certificates of Deposit and fixed income securities issued by Lebanese alpha banks.

Zawya Code BLMBOND.MF

Lebanon

USD

NO


MENA Fixed Income


219

MENA

USD

NO

Lebanon

USD

NO

MENA Fixed Income




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Emirates MENA Fixed Income Fund (I Share Class - Accumulation)

Fixed Income

Channel Islands

March-2010

USD 1,000,000


Open to institutional investors excluding US investors

To achieve capital growth along with high income

The fund’s assets will be invested mainly in a diversified portfolio of MENA debt securities of varying maturities along with cash holdings. The fund may also invest in debt issues of companies outside the MENA region in condition that a considerable part of their business activity be in the region.

Zawya Code EBKMFIA.MF

MENA

USD

NO

220

MENA Fixed Income



Patrick George

Chief Investment Officer

One FFA Gate - Marfaa 128 Bldg, Foch Street,

Beirut Central District


+961 1 985 195

+961 1 985 193

www.ffaprivatebank.com

FFA Private Bank s.a.l. , Regulated by Banque du

Liban - List of banks no. 129


Domicile Currency


Min Subscription


Eligibility


Fixed Income

Cayman Islands

May-2009

USD 100,000 for the Retail share class

Minimum USD 10,000 thereafter for both Institutional and Retail share classes



The fund’s assets will be invested mainly in fixed income instruments in the MENA region such as Government and Quasi Government bonds, bonds issued by Financial Institutions, Convertible Bonds, Sukuks and other debt instruments.

Zawya Code FFAFIMF.MF

MENA

USD

NO

CONTACT DETAILSName

Address

PO Box

Tel

Fax

Website

FFA Fixed Income MENA FundFund Manager: FFA Capital Ltd.

221

MENA

USD

NO

MENA Fixed Income



Abdul Kadir Hussain


1250, Dubai, UAE

+971 4 207 8811

[email protected]

www.mashreqbank.com


Domicile Currency


Min Subscription


Eligibility


Fixed Income

Bahrain

March-2006

USD 10,000



To achieve current income while ensuring the stability of the capital

The fund’s assets will be invested mainly in a diversified portfolio of fixed and floating rate investments originating from coutries in the GCC, MENA, South Asia and other emerging countries.

Zawya Code MAKINCM.MF

MENA

USD

NO

CONTACT DETAILS

Name

PO Box

Tel

Email

Website

Makaseb Income FundFund Manager: Mashreqbank

222

MENA Fixed Income




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Royal Capital PJSCRoyal Capital MENA Fixed Income Plus Fund

Fixed Income

Bahrain

March-2010

USD 250,000


Open to institutional and qualified investors

To achieve a diversified risk controlled exposure to fixed income market focusing mainly on the MENA region

The fund’s assets will be invested mainly in fixed income securities across the Middle East and North African markets.

Zawya Code RYLMFIP.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Dana UAE Fixed Income Opportunity Fund

Fixed Income

UAE

February-2009

AED 100,000


Open to Commercial Bank of Dubai investors

To achieve regular profit distribution over the medium term

The fund’s assets will be invested mainly in local bonds and sukuks in the UAE market.

Zawya Code CBDFIOF.MF

UAE

AED

NO

Fund Manager: Commercial Bank of Dubai

UAE Fixed Income


Issued in June 2011

223

MENA

USD

NO

UAE

AED

NO

United States Fixed Income




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalUS Dollar Bond Fund

Fixed Income

Saudi Arabia

May-1992

USD 2,500




The fund’s assets will be invested mainly in American fixed income securities such as Government and corporate bonds.

Zawya Code RYDUSBD.MF

United States

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Arabi Global Bond Fund

Fixed Income

Saudi Arabia

August-2001

USD 2,000




The fund’s assets will be invested mainly in worldwide fixed income markets.

Zawya Code ANBAAGB.MF

Worldwide

USD

NO


Worldwide Fixed Income


224

Worldwide Fixed Income




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Commercial Bank of DubaiAl Dana Global Fixed Income Manager Selection Fund

Fixed Income

UAE

July-2007

USD 25,000




The fund’s assets will be invested mainly in a diversified portfolio of worldwide fixed income securities and fixed income funds and instruments.

Zawya Code CBDGFIM.MF

Worldwide

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

International Bond Fund

Fixed Income

Saudi Arabia

May-1992

USD 2,500




The fund’s assets will be invested mainly in international fixed income securities such as government and corporate bonds.

Zawya Code RYDBOND.MF

Worldwide

USD

NO


225

Worldwide

USD

NO

Worldwide

USD

NO

C

M

Y

CM

MY

CY

CMY

K

Untitled-1 1 1/10/2012 5:29:53 PM

229

Eqypt Fund of Funds




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: El Rashad Asset ManagementNational Bank of Egypt Fund VII

Fund of Funds

Egypt

August-2009

5 units





The fund’s assets will be invested mainly in other Egyptian mutual funds, such as equity funds, money market funds, balanced funds and close ended funds.

Zawya Code RAMNBE7.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Misr Iran Development Bank Fund III

Fund of Funds

Egypt

May-2009

100 units





The fund’s assets will be invested mainly in other Egyptian mutual funds, such as equity funds, money market funds and balanced funds.

Zawya Code RAMMIDB.MF

Egypt

EGP

NO

Fund Manager: El Rashad Asset Management

230

Emerging Markets Fund of Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Commercial Bank of DubaiAl Dana Emerging Markets Equity Fund

Fund of Funds

UAE

July-2010

USD 25,000

In multiples of USD 5,000 thereafter.



The fund’s assets will be invested mainly in equity-linked funds and/or other equity related instruments in Emerging Markets such as Brazil, Russia, India, China, South Korea and Taiwan.

Zawya Code CBDEMEF.MF

Emerging Markets

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Dar Fund of Funds

Fund of Funds

Kuwait

June-2006

1,000 units




The fund’s assets will be invested mainly in the shares of different Islamic funds with different asset types inside and outside Kuwait. The surplus assets will be invested in Islamic instruments that the manager finds suitable.

Zawya Code DARFOFF.MF

Kuwait

KWD

YES

Fund Manager: Al Dar Asset Management Company

Kuwait Fund of Funds


231

Emerging Markets

USD

NO

Kuwait

KWD

YES

Kuwait Fund of Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment HouseGlobal Islamic Fund of Funds

Fund of Funds

Bahrain

July-2007

USD 25,000




The fund’s assets will be invested mainly in Islamic and Shariah compliant funds (sub-funds). The fund may also invest in all types of Sariah compliant funds such as equity, real estate and hedge funds.

Zawya Code GLOIFOF.MF

Kuwait

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

CompAM Fund: Multimanager Equity Africa & Middle East (Class A)

Fund of Funds

Luxembourg

July-2008

EUR 1,000

In multiples of EUR 100 thereafter



The fund’s assets will be invested mainly in investment funds that invest their assets in the MENA region as well as equities of companies listed in the MENA region.

Zawya Code COMMENA.MF

MENA

EUR

NO

Fund Manager: Compass Asset Management S.A.

MENA Fund of Funds


232

MENA Fund of Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: FMG Fund ManagersFMG MENA Fund (Class B)

Fund of Funds

Bermuda

April-2006

USD 100,000


Open to all investors excluding US


The fund’s assets will be invested mainly in investment funds that invest their assets in the MENA region. The assets will be diversified among various managers with different investment styles, aiming to lower the risk and volatility.

Zawya Code FMGMENB.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Arabian Markets Growth Equity Fund

Fund of Funds

Cayman Islands

August-2006

USD 100,000


Open to all investors excluding US and Cayman Islands investors


The fund’s assets will be invested mainly in a highly diversified portfolio of funds that invest primarily in the MENA equity markets.

Zawya Code RASAMGE.MF

MENA

USD

NO

Fund Manager: Rasmala Investment Bank Ltd


233

MENA

USD

NO

MENA

USD

NO

MENA Fund of Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: The National InvestorTNI Dana Women Fund

Fund of Funds

UAE

July-2005

AED 1,000,000


Open to foreign investors


The fund’s assets will be invested mainly in securities publicly traded in the UAE and the MENA Region. The manager may also invest in international markets that offer a potential for steady capital growth.

Zawya Code TNIDANA.MF

MENA

AED

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al-Rajhi Multi Asset Growth Fund

Fund of Funds

Saudi Arabia

November-1998

USD 2,000




The fund’s assets will be invested mainly in a balanced portfolio of Al Rajhi equity and commodity funds.

Zawya Code RAJBAL2.MF

Saudi Arabia

USD

YES


Saudi Arabia Fund of Funds


234





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi CapitalAl-Rajhi Multi Asset Balanced Fund

Fund of Funds

Saudi Arabia

November-1998

USD 2,000




The fund’s assets will be invested mainly in a balanced portfolio of Al Rajhi commodity and equity funds.

Zawya Code RAJBAL1.MF

Saudi Arabia

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al-Rajhi Multi Asset Conservative Fund

Fund of Funds

Saudi Arabia

June-2011

USD 2,000




The fund’s assets will be invested mainly in Shariah Compliant Al Rajhi Commodity funds. The fund will also invest in Al Rajhi Equity funds.

Zawya Code RAJMACF.MF

Saudi Arabia

USD

YES


235

Saudi Arabia

USD

YES

Saudi Arabia

USD

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ANB InvestAl Arabi Conservative Fund

Fund of Funds

Saudi Arabia

August-2001

USD 2,000



To achieve short term capital appreciation and minimize capital loss

The fund’s assets will be invested mainly in various conservative ANB Invest funds.

Zawya Code ANBAACF.MF

Saudi Arabia

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

HSBC Amanah Multi-Assets Defensive Fund

Fund of Funds

Saudi Arabia

December-2004

SAR 5,000



To achieve medium to long term capital appreciation while preserving capital

The fund’s assets will be invested mainly in a low risk portfolio with assets allocated across Shariah compliant securities such as Murabaha transactions, sukuk and equities either directly, through Mutual Funds.

Zawya Code HSBADEF.MF

Saudi Arabia

SAR

YES


236





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia LimitedHSBC Amanah Multi-Assets Growth Fund

Fund of Funds

Saudi Arabia

December-2004

SAR 5,000




The fund’s assets will be invested mainly in an above average risk portfolio with assets allocated across Shariah compliant securities. The Fund will invest mainly in Equities, in addition to Murabaha transactions and Sukuk either directly, through Mutual Funds.

Zawya Code HSBAGRW.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

HSBC Amanah Multi-Assets Balanced Fund

Fund of Funds

Saudi Arabia

December-2004

SAR 5,000



To achieve medium to long term capital appreciation while preserving capital

The fund’s assets will be invested mainly in a medium risk portfolio with assets allocated across Shariah compliant securities such as Murabaha transactions, sukuk and equities either directly or through Mutual Funds.

Zawya Code HSBABAL.MF

Saudi Arabia

SAR

YES


237

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Jadwa InvestmentJadwa Aggressive Allocation Fund

Fund of Funds

Saudi Arabia

March-2008

SAR 50,000


Open to GCC nationals and residents. Non GCC residents need the CMA’s authorization.


The fund’s assets will be invested mainly in Jadwa Funds in addition to other investments located locally or internationally. The fund will also invest in Shariah compliant Equity funds, commodity Murabaha and Sukuk funds. The fund’s activities will be of high risk.

Zawya Code JADAGAF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Jadwa Balanced Allocation Fund

Fund of Funds

Saudi Arabia

March-2008

SAR 50,000


Open to GCC nationals and residents. Non GCC residents need the CMA’s authorization


The fund’s assets will be invested mainly in Jadwa Funds in addition to other investments located locally or internationally. The fund will also invest in Shariah compliant Equity funds, commodity Murabaha and Sukuk funds. The fund’s activities will be of moderate risk.

Zawya Code JADBAAF.MF

Saudi Arabia

SAR

YES


238





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Jadwa InvestmentJadwa Conservative Allocation Fund

Fund of Funds

Saudi Arabia

March-2008

SAR 50,000



To achieve capital appreciation while maintaining a low risk level

The fund’s assets will be invested mainly in Jadwa Funds in addition to other investments located locally or internationally. The fund will also invest in Shariah compliant Equity funds, commodity Murabaha and Sukuk funds. The fund’s activities will be of low risk.

Zawya Code JADCOAF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Hadi Fund

Fund of Funds

Saudi Arabia

June-2001

SAR 5,000



To achieve capital appreciation while preserving capital

The fund’s assets will be invested mainly in the existing funds of Riyad Capital. The fund will allocate 90% of its assets in money market funds and around 10% in local & international equity funds.

Zawya Code RYDHADI.MF

Saudi Arabia

SAR

NO


239

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

NO





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalAl Hadi Shariah Compliant Fund

Fund of Funds

Saudi Arabia

December-2002

SAR 5,000



To achieve capital appreciation while preserving capital

The fund’s assets will be invested mainly in the existing Shariah compliant funds of Riyad Capital. The fund will allocate 90% of its assets in money market funds and around 10% in local & international equity funds.

Zawya Code RYDHDIS.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Mokdam Shariah Compliant Fund

Fund of Funds

Saudi Arabia

December-2002

SAR 5,000




The fund’s assets will be invested mainly in the existing Shariah compliant funds of Riyad Capital.

Zawya Code RYDMKIS.MF

Saudi Arabia

SAR

YES


240





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: SAIB BNP Paribas Asset ManagementSAIB Fund of Funds

Fund of Funds

Saudi Arabia

April-2005

USD 25,000




The fund’s assets will be invested mainly in a diversified portfolio of SAIB funds.

Zawya Code SIBSAIB.MF

Saudi Arabia

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Yusr Aman Multi Asset Fund

Fund of Funds

Saudi Arabia

October-2003

SAR 10,000



To achieve capital preservation along with moderate returns

The fund’s assets will be invested mainly in low risk Shariah compliant Morabaha and Sukuk funds.The fund shall also invest in equity funds to a lower extent.

Zawya Code SHBYSRA.MF

Saudi Arabia

SAR

YES


241

Saudi Arabia

USD

NO

Saudi Arabia

SAR

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital CompanyAman Multi Asset Fund

Fund of Funds

Saudi Arabia

December-2002

SAR 10,000



To achieve capital appreciation along with steady returns

The fund’s assets will be invested mainly in money market funds issued by Saudi capitals. The fund shall also invest in equity and fixed income funds to a lower extent.

Zawya Code SHBAMJA.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Yusr Mizan Multi Asset Fund

Fund of Funds

Saudi Arabia

October-2003

SAR 10,000




The fund’s assets will be invested mainly in local Murabaha funds. The fund shall also invest in Shariah compliant equity and fixed income funds to a lower extent.

Zawya Code SHBYSRM.MF

Saudi Arabia

SAR

YES


242





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital CompanyMizan Multi Asset Fund

Fund of Funds

Saudi Arabia

December-2002

SAR 10,000




The fund’s assets will be invested mainly in equity and money market funds issued by Saudi institutions. The fund may also invest in fixed income funds.

Zawya Code SHBAMJM.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Itihad Fund

Fund of Funds

UAE

June-2006

1,000 units




The fund’s assets will be invested mainly in UAE based mutual funds which invest in publicly traded equities. The fund may also invest in GCC based mutual funds.

Zawya Code UNBITIH.MF

UAE

AED

NO

Fund Manager: Union National Bank

UAE Fund of Funds


243

Saudi Arabia

SAR

NO

UAE

AED

NO

United States Fund of Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: SAIB BNP Paribas Asset ManagementSAIB US Equity Fund

Fund of Funds

Saudi Arabia

July-2004

USD 5,000



To achieve superior risk-adjusted returns

The fund’s assets will be invested mainly in US equities through ETFs.

Zawya Code SIBUSEF.MF

United States

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Arabi Growth Fund

Fund of Funds

Saudi Arabia

August-2001

USD 2,000




The fund’s assets will be invested mainly equity funds. The Fund will also invest in money market funds and real estate funds.

Zawya Code ANBAAGF.MF

Worldwide

USD

NO


Worldwide Fund of Funds


244





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ANB InvestAl Mubarak Balanced Fund

Fund of Funds

Saudi Arabia

August-2001

USD 2,000



To achieve medium term capital appreciation and minimize capital loss

The fund’s assets will be invested mainly in different Shariah compliant global asset classes such as Murabaha, Sukuk, and equity funds.

Zawya Code ANBAMBF.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Arabi Balanced Fund

Fund of Funds

Saudi Arabia

August-2001

USD 2,000




The fund’s assets will be invested mainly in a diversified portfolio of global money market, bond, and equity funds.

Zawya Code ANBAABF.MF

Worldwide

USD

NO


245

Worldwide

USD

YES

Worldwide

USD

NO





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Emirates NBD Asset Management LimitedEmirates Balanced Managed Fund USD A Share Class

Fund of Funds

Channel Islands

December-2005

USD 25,000




The fund’s assets will be invested mainly in a diversified portfolio of global money market, bond, and equity funds.

Zawya Code EBKBMFA.MF

Worldwide

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Emirates Conservative Managed Fund USD A Share Class

Fund of Funds

Channel Islands

December-2005

USD 25,000




The fund’s assets will be invested mainly in a range of asset classes globally across equity, money market, fixed income, real estate and alternative investment strategies.

Zawya Code EBKECMF.MF

Worldwide

USD

NO


Issued in February 2011


246





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Emirates NBD Asset Management LimitedEmirates Active Managed Fund (A Share Class)

Fund of Funds

Channel Islands

December-2005

USD 25,000


Open to professional clients only


The fund’s assets will be invested mainly in cash, fixed income, equity, property, and hedge funds.

Zawya Code EBKACTI.MF

Worldwide

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Manarah Medium Growth Portfolio

Fund of Funds

Saudi Arabia

October-2003

USD 2,000



To achieve capital appreciation along with capital preservation

The fund’s assets will be invested mainly in other Shariah compliant equity funds and in low risk Murabaha and Sukuk Funds.

Zawya Code NCBAMMG.MF

Worldwide

USD

YES



247

Worldwide

USD

NO

Worldwide

USD

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB CapitalAl Manarah Conservative Growth Fund

Fund of Funds

Saudi Arabia

October-2003

USD 2,000



To achieve capital preservation along with limited growth

The fund’s assets will be invested mainly in global Shariah compliant equity funds and low risk Murabaha and Sukuk Funds.

Zawya Code NCBAMCG.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Manarah High Growth Fund

Fund of Funds

Saudi Arabia

October-2003

USD 2,000




The fund’s assets will be invested mainly in global Shariah compliant equity funds and low risk Murabaha and Sukuk Funds.

Zawya Code NCBAMHG.MF

Worldwide

USD

YES


248





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalAl Shamekh Fund

Fund of Funds

Saudi Arabia

June-2001

SAR 5,000




The fund’s assets will be invested mainly in the existing local and international funds of Riyad Capital.

Zawya Code RYDSHMK.MF

Worldwide

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Shamekh Shariah Compliant Fund

Fund of Funds

Saudi Arabia

December-2002

SAR 5,000




The fund’s assets will be invested mainly in the existing local and international Shariah compliant funds of Riyad Capital.

Zawya Code RYDSHIS.MF

Worldwide

SAR

YES


249

Worldwide

SAR

NO

Worldwide

SAR

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalAl Shujaa Shariah Compliant Fund

Fund of Funds

Saudi Arabia

December-2002

SAR 5,000




The fund’s assets will be invested mainly in the existing local and international Shariah compliant funds of Riyad Capital.

Zawya Code RYDSJIS.MF

Worldwide

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Shujaa Fund

Fund of Funds

Saudi Arabia

June-2001

SAR 5,000





Zawya Code RYDSJAA.MF

Worldwide

SAR

NO


250





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalAl Mokdam Fund

Fund of Funds

Saudi Arabia

June-2001

SAR 5,000





Zawya Code RYDMKDM.MF

Worldwide

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

SAIB Global Equity Fund

Fund of Funds

Saudi Arabia

July-2004

USD 5,000




The fund’s assets will be invested mainly in global equities through ETFs.

Zawya Code SIBSGEF.MF

Worldwide

USD

NO


251

Worldwide

SAR

NO

Worldwide

USD

NO





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital CompanyAl Yusr Tamoh Multi Asset Fund

Fund of Funds

Saudi Arabia

October-2003

SAR 10,000




The fund’s assets will be invested mainly in Shariah-compliant local, regional, and global equity funds, Morabaha and Sukuk funds, and investment products issued by the CMA-authorized companies.

Zawya Code SHBAYTM.MF

Worldwide

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Global Emerging Markets Equity Fund

Fund of Funds

Saudi Arabia

December-2010

USD 3,000




The fund’s assets will be invested mainly in Emerging Markets equity-based ETFs.

Zawya Code SHCGLOE.MF

Worldwide

USD

NO


252





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital CompanyGlobal Equity Fund

Fund of Funds

Saudi Arabia

December-2010

USD 3,000




The fund’s assets will be invested mainly in global equity-based ETFs.

Zawya Code SHBGLOB.MF

Worldwide

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Global Property Fund

Fund of Funds

Saudi Arabia

December-2010

USD 3,000




The fund’s assets will be invested mainly in ETFs that consist of shares of companies specialized in Real Estate Investment Trusts (REITs), as well as in short-term money instruments.

Zawya Code SHCPROP.MF

Worldwide

USD

NO


253

Worldwide

USD

NO

Worldwide

USD

NO





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital CompanyAl Yusr Global Equity Fund

Fund of Funds

Saudi Arabia

December-2010

USD 3,000




The fund’s assets will be invested mainly in Shariah compliant global equity-based ETFs.

Zawya Code SHCYUGL.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Yusr Global Emerging Markets Equity Fund

Fund of Funds

Saudi Arabia

December-2010

USD 3,000




The fund’s assets will be invested mainly in Shariah compliant Emerging Markets equity-based ETFs.

Zawya Code SHCYUEM.MF

Worldwide

USD

YES


254





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital CompanyTamoh Multi Asset Fund

Fund of Funds

Saudi Arabia

December-2002

SAR 10,000




The fund’s assets will be invested mainly in local, regional, and global equity funds, money market funds, and investment products issued by the CMA-authorized companies.

Zawya Code SHBTMAF.MF

Worldwide

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Solidarity Global Growth Fund

Fund of Funds

Bahrain

August-2004

USD 100,000


Open to all investors provided that the legislation of their citizenship, residence or domicile country permits them to do so


The fund’s assets will be invested mainly in Shariah compliant equity funds in the US, Western Europe, South East Asia, and the MENA.

Zawya Code SOLGLOB.MF

Worldwide

USD

YES

Fund Manager: Solidarity Group Holding BSC(c)

255

Worldwide

SAR

NO

Worldwide

USD

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Tharwa Investment CompanyTharwa World Fund

Fund of Funds

Cayman Islands

August-2010

USD 200,000




The fund’s assets will be invested mainly in a basket of investments that is comprised of a balanced allocation in global securities and financial products. The fund will seek to achieve long-term capital appreciation through diversified asset allocation.

Zawya Code TICTWFA.MF

Worldwide

USD

NO

256




259

Emerging Markets Hedge Funds




Domicile Currency


Min Subscription


Eligibility


Hedge

UAE

March-2007

USD 100,000


Open to professional investors

To achieve a total return

The fund’s assets will be invested mainly in corporate bonds, corporate credit derivative instruments and sovereign instruments.

Zawya Code MAKEMCO.MF

Emerging Markets

USD

NO

CONTACT DETAILS

Emerging Markets Credit Opportunities FundFund Manager: Mashreq Capital

Abdul Kadir Hussain


1250, Dubai, UAE

+971 4 207 8811

[email protected]

www.mashreqbank.com

Name

PO Box

Tel

Email

Website

260

MENA Hedge Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Ajeej CapitalAjeej MENA Fund

Hedge

Cayman Islands

October-2007

USD 1,000,000


Open to all investors except for restricted persons (Refer to the prospectus for further details)

To achieve long term capital appreciation on a risk adjusted basis

The fund’s assets will be invested mainly in listed securities over the MENA region using alternative investment strategies along with hedging techniques focused on managing systematic risk. The fund may borrow in aggregate amounts not exceeding 100 per cent of its Net Asset Value.

Zawya Code AJCAMEF.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Arqaam Capital Alpha Fund (A)

Hedge

Cayman Islands

November-2008

USD 250,000

In multiples of 100,000 USD thereafter



The fund’s assets will be invested mainly in equities of publicly listed and private companies within the MENA region.

Zawya Code ARQAAFA.MF

MENA

USD

NO

Fund Manager: Arqaam Capital

261

MENA

USD

NO

MENA

USD

NO

MENA Hedge Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: The National InvestorTNI MENA Special Situations Fund

Hedge

Bermuda

September-2008

USD 100,000



To achieve long term capital appreciation along with capital preservation

The fund’s assets will be invested mainly in special situations and opportunities in the MENA region such as equities, convertibles, derivatives, Sukuks, distressed stocks and debt instruments.

Zawya Code TNIMSSF.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Emirates Islamic Alternative Strategies Fund (Institutional Share Class)

Hedge

Channel Islands

June-2007

USD 1,000,000


Open to professional clients only


The fund’s assets will be invested mainly in Shariah compliant asset classes using alternative investment strategies along with hedging techniques focused on managing systematic risk.

Zawya Code EBKISAL.MF

Worldwide

USD

YES


Worldwide Hedge Funds


262




265

MENA Hedge Feeder




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: BlackRock Investment Management (UK) Limited

BlackRock Middle East & North Africa Opportunities Fund (Class I USD)

Hedge Feeder

Cayman Islands

November-2007

USD 1,000,000



To achieve superior total returns

The fund’s assets will be invested mainly in the BlackRock Middle East & North Africa Opportunities Master Fund Limited, which in turn will invest in equity securities of companies in the MENA region while using alternative investment techniques such as futures, forwards, swaps, and options.

Zawya Code BLAMENU.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Duet MENA Opportunities Fund (USD Share)

Hedge Feeder

Cayman Islands

May-2009

USD 100,000


Please refer to the prospectus for more details


The fund’s assets will be invested in the ordinary shares of Duet MENA Opportunities Master Fund which will mainly invest in the MENA region using alternative investment techniques such as holding long and short positions in various products and securities including individual equities, credit, credit default swaps, index futures and related options, notes and structures.

Zawya Code DUGDMOF.MF

MENA

USD

NO

Fund Manager: Duet MENA Ltd

266

MENA Hedge Feeder




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Gulfmena Investments LtdGulfmena Opportunities Fund Limited (Class B)

Hedge Feeder

Cayman Islands

February-2010

USD 1,000,000

A mInimum additional subscription of USD 100,000 thereafter

Open to qualified Investors

To achieve long term capital appreciation by generating consistent absolute returns to investors on a risk adjusted basis

The fund is a long-only relative value strategy that aims to achieve consistent positive returns over the S&P Pan Arab Composite Index. It is a directional absolute return strategy with a long bias in MENA public equities and opportunistic short extensions. The fund is a single strategy that is multi-dimensional and represents the investment manager’s main investment approach and philosophy to public equities in the region via a core strategy that is wrapped with overlays/investment components and hedge strategies combined with a unique risk platform to achieve consistent positive returns.

Zawya Code GAIAOFB.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

MENA Admiral Fund

Hedge Feeder

Cayman Islands

March-2006

USD 100,000




The fund’s assets will be invested mainly in the Master Fund (MENA Admiral Master Fund, Ltd) which in turn will invest in equity securities of companies that perform their principal business activities in the MENA region, using various hedging techniques to manage risk.

Zawya Code MENADMI.MF

MENA

USD

NO

Fund Manager: MENA Capital International

267

MENA

USD

NO

MENA

USD

NO

Middle East; Africa Hedge Feeder




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Insparo Asset Management LimitedInsparo Africa and Middle East Fund (Class A USD)

Hedge Feeder

Cayman Islands

June-2008

USD 100,000



To achieve maximum total return without excessive volatility

The fund’s assets will be invested mainly in a Master Fund that invests in equities and fixed income instruments in Africa and the Middle East while using alternative investment techniques such as options, futures, and swaps.

Zawya Code INSIAME.MF

Middle East; Africa

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

DSAM Kauthar Gold Fund, Ltd.

Hedge Feeder

Cayman Islands

January-2009

USD 5,000,000


Open to institutional investors outside the US


The fund’s assets will be invested exclusively in units; of the Tocqueville Gold Focus Fund, a subtrust of the Al Safi trust.

Zawya Code DSMGOLD.MF

Worldwide

USD

YES

Fund Manager: Dubai Shariah Asset Management

Worldwide Hedge Feeder


268

Worldwide Hedge Feeder




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Dubai Shariah Asset ManagementDSAM Kauthar Energy Fund, Ltd.

Hedge Feeder

Cayman Islands

January-2009

USD 5,000,000




The fund’s assets will be invested exclusively in units; of the Lucas Energy Fund, a subtrust of the Al Safi Trust.

Zawya Code DSMKEFL.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

DSAM Kauthar Global Resources & Mining Fund, Ltd.

Hedge Feeder

Cayman Islands

January-2009

USD 5,000,000




The fund’s assets will be invested exclusively in the units; of the BlackRock Global Resources & Mining Fund, a subtrust of the Al Safi Trust.

Zawya Code DSMKGRM.MF

Worldwide

USD

YES

Fund Manager: Dubai Shariah Asset Management

269

Worldwide

USD

YES

Worldwide

USD

YES

271

Worldwide Hedge Fund of Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment HouseThe Zenith Fund

Hedge Fund of Funds

Bahrain

January-2004

USD 50,000


Open to qualified investors

To achieve capital appreciation and optimum returns

The fund’s assets will be invested mainly in funds that invest in equities, fixed income, currencies, and commodities in the global markets.

Zawya Code GLOTZEF.MF

Worldwide

USD

NO

272




277

GCC Index




Domicile Currency


Min Subscription


Eligibility


Index

Luxembourg

September-2011

USD 125,000



To replicate the performance of the S&P GCC LargeCap Index

The fund’s assets will be invested mainly in index securities aiming at tracking, as closely as possible, the performance of the S&P GCC LargeCap Index.

Zawya Code BMAGLCI.MF

GCC

USD

NO

CONTACT DETAILS

BankMuscat S&P GCC LargeCap Index FundFund Manager: BankMuscat SAOG

Mr. S.R. Krishnan



+968 2 476 8610

[email protected]


Name

PO Box

Tel

Email

Website

278

GCC Index




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Jadwa Investment Jadwa GCC Equity Index Fund

Index

Saudi Arabia

June-2008

SAR 50,000




The fund’s assets will be invested mainly in Shariah compliant equity securities listed on the GCC stock markets in proportion to the constituents of the S&P GCC Shariah Composite Index.

Zawya Code JADGEIF.MF

GCC

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Muthanna Islamic Index Fund

Index

Kuwait

September-2007

KWD 1,000




The fund’s assets will be invested mainly in Shariah compliant equity securities listed on the Kuwaiti stock exchange.

Zawya Code MUTMUDX.MF

Kuwait

KWD

YES

Fund Manager: Al Muthana Investment Company

Kuwait Index


279

GCC

SAR

YES

Kuwait

KWD

YES

Kuwait Index



Mr. S.R. Krishnan



+968 2 476 8610

[email protected]



Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Index

Bahrain

October-2006

USD 10,000


Open to all investors provided that legislation in Bahrain and in their country of citizenship, residence allows them to do so.

To achieve the average performance of the shares listed in the MSCI Kuwait Index

The fund’s assets will be invested mainly in index securities listed on the Kuwait Stock Exchange and that are part of the BankMuscat MSCI Kuwait Index.

Zawya Code BMAMSCI.MF

Kuwait

USD

NO

CONTACT DETAILS

Name

PO Box

Tel

Email

Website

BankMuscat MSCI Kuwait FundFund Manager: BankMuscat SAOG

280

Kuwait Index




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment HouseGlobal 10 Large Cap. Index Fund

Index

Kuwait

November-2000

1,000 units



To achieve returns which correspond to the performance of the Global 10 Large Cap. Index

The fund’s assets will be invested mainly in the shares of the 10 largest companies listed on Kuwait Stock Exchange, as per their weightings in the Global 10 Large Cap. Index.

Zawya Code GLOINDX.MF

Kuwait

KWD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Sanaya Dow Jones Kuwait Index Fund

Index

Kuwait

February-2007

1,000 units



To achieve higher returns than the Dow Jones Kuwait index

The fund’s assets will be invested mainly in equities of companies listed on the Kuwait stock exchange, specifically in the ones listed on the Dow Jones Kuwait Index.

Zawya Code IFISDJI.MF

Kuwait

KWD

NO

Fund Manager: Industrial and Financial Investments Company


281

Kuwait

KWD

NO

Kuwait

KWD

NO

MENA Index




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Abu Dhabi Commercial BankADCB Arabian Index Fund

Index

UAE

January-2008

USD 25,000

In multiples of $2,500 thereafter

Open to all investors except for U.S. investors


The fund’s assets will be invested mainly in listed securities in the Arabian Markets to provide investors with returns that strongly match the total return of the S&P Pan Arab Large/Mid Cap Composite Index before fees and expenses.

Zawya Code ADCMAMI.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

The Saudi Index Fund

Index

Saudi Arabia

December-2007

SAR 10,000


Open to all non-US investors

To achieve returns that correspond with the performance of the TASI Index

The fund’s assets will be invested mainly in Index securities aiming at tracking, as closely as possible, the performance of the Tadawul All Share Index.

Zawya Code AUDINDX.MF

Saudi Arabia

SAR

NO

Fund Manager: Audi Capital

Saudi Arabia Index


282

Saudi Arabia Index




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia LimitedHSBC Saudi Equity Index Fund

Index

Saudi Arabia

December-2007

SAR 5,000




The fund’s assets will be invested mainly in a portfolio of equities of companies listed on the Saudi Equity Market and corresponding to the constituents of the HSBC Saudi Equity Index. The Fund will invest to a lesser extent in short-term money market instruments.

Zawya Code HSBSEIX.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Jadwa Saudi Equity Index Fund

Index

Saudi Arabia

June-2008

SAR 50,000




The fund’s assets will be invested mainly in Shariah compliant equity securities listed on the Saudi stock exchange in proportion to the constituents of the S&P Saudi Shariah Index.

Zawya Code JADSEIF.MF

Saudi Arabia

SAR

YES


283

Saudi Arabia

SAR

NO

Saudi Arabia

SAR

YES

Saudi Arabia Index




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Khalijia InvestKhalijia Invest - S&P Saudi Equity Shari’ah Index Fund

Index

Saudi Arabia

August-2010

SAR 10,000



To replicate the performance of the S&P Saudi Equity Shari’ah Index

The fund’s assets will be invested mainly in stocks that make up the S&P Saudi Equity Shari’ah Index. The fund shall also invest to a lesser extent in Murabaha funds and transactions.

Zawya Code KHASEFF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Saudi Equity Index Fund

Index

Saudi Arabia

January-2004

SAR 5,000


Open to Saudi investors and residents provided that they have a bank account in Saudi Hollandi Bank.


The fund’s assets will be invested mainly in index securities aiming at tracking, as closely as possible, the performance of the Tadawul Saudi Index (TASI).

Zawya Code SHBSEIF.MF

Saudi Arabia

SAR

NO


284

Saudi Arabia Index




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital CompanyAl Yusr Saudi Equity Index Fund

Index

Saudi Arabia

April-2004

SAR 5,000


Open to Saudi investors and residents provided that they have a bank account in Saudi Hollandi Bank


The fund’s assets will be invested mainly in Shariah compliant index securities aiming at tracking, as closely as possible, the performance of Al Yusr SHC Saudi Shariah Compliant Equity Index.

Zawya Code SHBYSEF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

TAIB Gulf Fund

Index

Bahrain

February-2006

USD 100,000


SG Option Europe


To achieve returns that correspond with the performance of the TASI Index

The fund’s assets will be invested mainly in index securities aiming at tracking, as closely as possible, the performance of the Tadawul All Share Index.

Zawya Code TFCTGLF.MF

Saudi Arabia

USD

NO

Fund Manager: TAIB Bank

285

Saudi Arabia

SAR

YES

Saudi Arabia

USD

NO

UAE Index




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Abu Dhabi Commercial BankADCB MSCI UAE Index Fund

Index

UAE

April-2007

AED 100,000



To achieve returns which correspond closely to the total return of the MSCI UAE Index

The fund’s assets will be invested mainly in UAE listed securities as determined by the MSCI UAE Index. In order to minimize the tracking error relative to the performance of the index the fund may also invest in non-index securities.

Zawya Code ADCMSUI.MF

UAE

AED

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Invest AD - UAE Total Return Fund

Index

UAE

October-2009

AED 500,000



To replicate the returns generated by the index

The fund’s assets will be invested mainly in listed UAE equities as determined by the MSCI UAE Domestic Net Total Return Local Index. The fund targets less than 1% tracking error per annum.

Zawya Code IADUETR.MF

UAE

AED

NO

Fund Manager: Invest AD

286

United States Index




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Madar Finance and Investment CompanyAlMadar US Index Fund

Index

Bahrain

March-2004

USD 10,000



To achieve returns which correspond closely to the total return of the Almadar US Equity Index

The fund’s assets will be invested mainly in index securities aiming at tracking, as closely as possible, the performance of the Almadar US Equity Index.

Zawya Code MFIMUIF.MF

United States

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

HSBC Amanah Global Equity Index Fund

Index

Saudi Arabia

July-2004

USD 2,000

In multiples of 1,000 USD thereafter



The fund’s assets will be invested mainly in index securities aiming at tracking, as closely as possible, the performance of the Dow Jones Islamic Market Titans 100 Index.

Zawya Code HSBAGEI.MF

Worldwide

USD

YES


Worldwide Index


287

United States

USD

YES

Worldwide

USD

YES

289

GCC IPO




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Arbah CapitalArbah IPO Fund

IPO

Saudi Arabia

April-2011

SAR 10,000




The fund’s assets will be invested mainly in Shariah compliant IPO issues and in equities of companies which have been listed for less than two years on the stock market. The fund will also invest in other IPO Funds.

Zawya Code ARBIPOF.MF

GCC

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

GCC IPO Fund

IPO

Saudi Arabia

January-2010

SAR 10,000



To achieve long term capital appreciation in excess of S&P GCC Shariah Index

The fund’s assets will be invested mainly in Shariah compliant IPO issues in the GCC. The fund shall also invest in Shariah compliant GCC equities, GCC focused investment funds and Murabaha transactions when applicable.

Zawya Code KHAGCCI.MF

GCC

SAR

YES

Fund Manager: Khalijia Invest

290

Saudi Arabia IPO




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Bakheet Investment GroupBakheet IPO Fund

IPO

Saudi Arabia

March-2008

SAR 10,000




The fund’s assets will be invested mainly in IPO’s to be listed on the Saudi stock exchange. The fund may also invest in companies that have been listed for less than one year.

Zawya Code BIGBIPO.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Falcom IPO Fund

IPO

Saudi Arabia

July-2008

SAR 10,000



To achieve long term capital appreciation along with risk-adjusted returns

The fund’s assets will be invested mainly in Shariah compliant public equities during their initial public offering period and in newly listed companies with less than two years of listing in the Saudi Arabian, MENA and other international markets. The fund may also invest in short term Shariah compliant money market securities to maintain liquidity.

Zawya Code FALIPOF.MF

Saudi Arabia

SAR

YES

Fund Manager: Falcom Financial Services

291

Saudi Arabia

SAR

NO

Saudi Arabia

SAR

YES

Saudi Arabia IPO




Domicile Currency


Min Subscription


Eligibility


IPO

Saudi Arabia

June-2008

SAR 1,000




The fund’s assets will be invested mainly in Shariah compliant IPO issues in Saudi Arabia. The fund shall also invest in IPO issues in the GCC and other international countries to a lower extent.

Zawya Code KSBIPOF.MF

Saudi Arabia

SAR

YES

CONTACT DETAILS

KSB IPO FundFund Manager: KSB Capital Group

Fares Hammouda

Fund Manager


395737

+966 1 207 9979

+966 1 207 9963

[email protected]

www.ksb.com.sa

Name

Address

PO Box

Tel

Fax

Email

Website

292




295

Eqypt Money Market




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Arab African Investment ManagementArab African International Bank Money Market Fund

Money Market

Egypt

April-2009

100 units



To maximize returns while protecting the capital

The fund’s assets will be invested mainly in short term Egyptian money market instruments, including government and corporate bonds, treasury bills and bank deposits.

Zawya Code AABJUMN.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

ABC Bank Mazaya Fund

Money Market

Egypt

March-2009

500 units


Arab Banking Corporation Egypt


To achieve capital appreciation while maintaining liquidity

The fund’s assets will be invested mainly in Egyptian money market instruments. The fund may also invest in fixed income instruments.

Zawya Code BLTABCM.MF

Egypt

EGP

NO

Fund Manager: Beltone Asset Management

296

Eqypt Money Market




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Beltone Asset ManagementHSBC Bank Egypt Money Market Fund

Money Market

Egypt

April-2009

100 units


HSBC Bank Egypt


To achieve capital growth along with generating liquidity

The fund’s assets will be invested mainly in Egyptian money market instruments. The fund may also invest in other mutual funds.

Zawya Code BLTHSBC.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Banque Misr Money Market Fund (EGP Share)

Money Market

Egypt

November-2004

1,000 units


Banque Misr


To achieve capital preservation

The fund’s assets will be mainly invested in money market securities such as Egyptian treasury bills and certificates of deposits.

Zawya Code BLTMEGP.MF

Egypt

EGP

NO


297

Egypt

EGP

NO

Egypt

EGP

NO

Eqypt Money Market




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Beltone Asset ManagementBanque du Caire Money Market Fund 2

Money Market

Egypt

August-2009

500 units


Banque du Caire



The fund’s assets will be invested mainly in Egyptian money market instruments such as Treasury Bills and Certificates of Deposits. The fund may also invest in other money market funds.

Zawya Code BLTBCMM.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

The Arab Bank Money Market Fund

Money Market

Egypt

January-2010

500 units



To achieve capital return and daily liquidity

The fund’s assets will be invested mainly in Egyptian money market instruments such as T-Bills, T-Bonds, Bank Deposits, Corporate Bonds and Certificate of Deposits. The fund may also invest in other money market funds.

Zawya Code BLTABMM.MF

Egypt

EGP

NO


298

Eqypt Money Market




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: CI Asset ManagementCommercial International Bank Fund

Money Market

Egypt

April-2005

100 units


Commercial International Bank (Egypt)


To achieve daily accumulated income and liquidity

The fund’s assets will be invested mainly in money market instruments such as T.Bills, T.Bonds, Bank Deposits, Corporate Bonds, and Certificate of Deposits.

Zawya Code CIBOSUL.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Blom Bank Money Market Fund

Money Market

Egypt

September-2009

5 units


BLOM Bank Egypt



The fund’s assets will be invested mainly in Egyptian money market instruments such as Time Deposits, Treasury Bills & Bonds, Certificates of Deposits, Corporate Bonds and other Money Market funds.

Zawya Code CIBBLOM.MF

Egypt

EGP

NO

Fund Manager: CI Asset Management

299

Egypt

EGP

NO

Egypt

EGP

NO

Eqypt Money Market




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Delta Rasmala Asset ManagementExport Development Bank of Egypt Money Market Fund

Money Market

Egypt

November-2006

5 units


Export Development Bank of Egypt



The fund’s assets will be invested mainly in egyptian money market instrumets. The fund may also invest in fixed income instruments.

Zawya Code DRAEDBE.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

National Société Générale Bank Fund

Money Market

Egypt

September-2006

100 units

In mutliples of 1 unit thereafter

National Société Générale Bank


To achieve high yields at the lowest possible risk

The fund’s assets will be invested mainly in Egyptian money market instruments such as T-Bills, T-Bonds, Corporate Deposits and Certificate of Deposits.

Zawya Code EFGNSGB.MF

Egypt

EGP

NO


300

Eqypt Money Market




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes HoldingBank of Alexandria Fund II

Money Market

Egypt

May-2006

100 units


Bank of Alexandria


To achieve high yields at the lowest possible risk

The fund’s assets will be invested mainly in Egyptian money market instruments such as T-Bills, T-Bonds, Bank Deposits, Corporate Bonds and Certificate of Deposits.

Zawya Code EFGBAII.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Credit Agricole Egypt Fund III

Money Market

Egypt

June-1999

10 units


Credit Agricole Bank Egypt





Egypt

EGP

NO


301

Egypt

EGP

NO

Egypt

EGP

NO

Eqypt Money Market




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes HoldingBank Audi Money Market Fund

Money Market

Egypt

May-2009

100 units


Bank Audi Egypt



The fund’s assets will be invested mainly in Egyptian money market securities such as T-Bills, Bank Deposits, and Certificates of Deposits. The fund may also invest in other money market funds.

Zawya Code EFGAUDI.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Arab Investment Bank Money Market Fund

Money Market

Egypt

June-2010

100 units



To achieve capital return along with daily liquidity

The fund’s assets will be invested mainly in Egyptian money market securities such as T-Bills, Bank Deposits, and Certificates of Deposits. The fund may also invest in other money market funds.

Zawya Code EFGABMM.MF

Egypt

EGP

NO


302

Eqypt Money Market




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and InvestmentMisr Iran Development Bank Fund II

Money Market

Egypt

August-2005

10 units

In its multiples




The fund’s assets will be invested mainly in short and medium term liquid investments such as bonds, treasury bills, bank deposits and saving certificates.

Zawya Code HCSMIR2.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

National Bank of Egypt Fund IV

Money Market

Egypt

April-2006

1 unit





The fund’s assets will be invested mainly in money market instruments such as Egyptian treasury bills. The fund may also invest in fixed income instruments.


Egypt

EGP

NO


303

Egypt

EGP

NO

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Principal Bank for Development and Agricultural Credit Fund II

Money Market

Egypt

April-2010

50 units




The fund’s assets will be invested mainly in Egyptian money market instruments such as treasury bills, bank deposits, bonds, and saving certificates. The fund may also invest in other money market funds.

Zawya Code HCDAC2.MF

Egypt

EGP

NO

Fund Manager: HC Securities and Investment

Eqypt Money Market




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NBK Capital Asset Management EgyptAl Watany Bank of Egypt Money Market Fund

Money Market

Egypt

January-2010

500 units





Zawya Code NBKWBEM.MF

Egypt

EGP

NO

304

Eqypt Money Market




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Prime Investments Asset ManagementAl Rabeh Fund

Money Market

Egypt

February-1999

5 units




To achieve capital growth along with generating periodic income

The fund’s assets will be invested mainly in fixed income instruments. The fund may also invest in money market instruments.


Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Piraeus Bank Egypt Money Market Fund

Money Market

Egypt

May-2009

50 units


Piraeus Bank Egypt


To achieve capital gain along with generating liquidity

The fund’s assets will be invested mainly in Egyptian money market instruments. The fund may also invest in other money market funds.

Zawya Code PIREMMF.MF

Egypt

EGP

NO

Fund Manager: Phoenix Kato Asset Management

305

Egypt

EGP

NO

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Tharaa Fund

Money Market

Egypt

July-2010

50 units



To generate periodic income

The fund’s assets will be invested mainly in Egyptian money market securities. The fund may also invest in fixed income securities and in other money market funds.

Zawya Code PRITHFU.MF

Egypt

EGP

NO

Fund Manager: Prime Investments Asset Management

Eqypt Money Market




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Prime Investments Asset ManagementMawared Fund

Money Market

Egypt

February-2010

50 units


Housing and Development Bank


To generate periodic income

The fund’s assets will be invested mainly in Egyptian money market securities. The fund may also invest in fixed income securities and in other money market funds.

Zawya Code PRIMWRD.MF

Egypt

EGP

NO

306 For more information please visit our platform on www.zawya.com/funds


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

SAR Money Market Fund

Money Market

Saudi Arabia

December-1998

SAR 2,000



To achieve short term returns with low risk

The fund’s assets will be invested mainly in short term money market securities and debt instruments in the GCC.

Zawya Code BSFMMKT.MF

GCC

SAR

NO


GCC Money Market


307

GCC

SAR

NO

GCC Money Market




Domicile Currency


Min Subscription


Eligibility


Money Market

Bahrain

June-2010

USD 100,000




The fund’s assets will be invested mainly in money market instruments, fixed deposits and securities issued by governments in GCC countries.

Zawya Code SICOMMR.MF

GCC

USD

NO

CONTACT DETAILS

SICO Money Market FundFund Manager: Securities & Investment Company

Shakeel Sarwar



+ 973 1 751 5000 Ext 5007

[email protected]

www.sicobahrain.com

Name

PO Box

Tel

Email

Website

308

Kuwait Money Market




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Dar Asset Management CompanyAl Dar Money Market Fund

Money Market

Kuwait

April-2004

3,000 units



To achieve financial returns competitive with the conventional short and medium-term financial instruments available in the Kuwaiti market

The fund’s assets will be invested mainly in Shariah compliant financial instruments available in the Kuwaiti market such as Sukuk, Mudarabah, Islamic bonds issued by institutions, banks or companies.

Zawya Code DARINVS.MF

Kuwait

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Burgan Financial Fund

Money Market

Kuwait

May-2000

1,000 units

1,000 units


To achieve short term competitive returns

The fund’s assets will be invested mainly in money market securities and debt instruments. The fund may also invest in funds of similar objectives.

Zawya Code BURFINL.MF

Kuwait

KWD

NO

Fund Manager: Burgan Bank

309

Kuwait

KWD

YES

Kuwait

KWD

NO

Kuwait Money Market




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: First Investment CompanyAl-Muthanna Fund

Money Market

Kuwait

April-2001

1,000 units



To achieve short to medium term competitive returns

The fund’s assets will be invested mainly in Shariah compliant money market instruments.

Zawya Code FICMUTH.MF

Kuwait

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Global KD Money Market Fund

Money Market

Kuwait

May-1999

KWD 100



To achieve returns higher than those offered on the 3-Months fixed deposits in Kuwaiti Dinars

The fund’s assets will be invested mainly in money market instruments: T-Bills, T-Bonds, Bonds and Fixed Deposits.

Zawya Code GLOKDMM.MF

Kuwait

KWD

NO


310

Kuwait Money Market




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment HouseGlobal Islamic Fund

Money Market

Kuwait

December-2002

KWD 3,000



To achieve returns higher than short- to medium-term money market instruments available in the Kuwaiti Market

The fund’s assets will be invested mainly in Shariah compliant local and international money market instruments. The fund will also invest to a lesser extent in other money market funds.

Zawya Code GLOISLM.MF

Kuwait

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al-Hilal Islamic Fund

Money Market

Kuwait

February-2004

5,000 units

5,000 units


To achieve returns that outperform short and medium term financial instruments available in the Kuwait market

The fund’s assets will be invested mainly in money market instruments that are in compliance with Islamic Shariah, such as Wakalas, Sukuks, Musharaka, as well as short-term and medium-term instruments.

Zawya Code KICHLAL.MF

Kuwait

KWD

YES

Fund Manager: Kuwait Investment Company

311

Kuwait

KWD

YES

Kuwait

KWD

YES

Lebanon Money Market




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Blominvest BankBlom Money Market Fund

Money Market

Lebanon

September-2010

USD 1,000,000




The fund’s assets will be invested mainly in Lebanese money market instruments and securities.

Zawya Code BLMMOMF.MF

Lebanon

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Emirates Islamic Money Market Fund USD Institutional Share Class (I Share Class)

Money Market

Channel Islands

April-2010

USD 1,000,000



To achieve a higher profit return than traditional Shariah compliant bank deposits of similar liquidity

The fund’s assets will be invested mainly in a Shariah compliant diversified portfolio of Islamic money market instruments such as Islamic deposits, Islamic synthetic instruments, Murabaha, Sukuk and international trade contracts.

Zawya Code EBKIMIA.MF

MENA

USD

YES


MENA Money Market


312

Qatar Money Market




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Amwal LLCAmwal Qatar Money Market Fund (A)

Money Market

Cayman Islands

August-2010

QAR 3,500,000

In multiples of QAR 1,000,000 thereafter

Amwal QSC


To generate net returns in excess of short-term Qatari riyal money rates while seeking preservation of capital.

The fund’s assets will be invested mainly in short-term high-quality money market instruments, mostly in Qatar (sovereign rating AA / Aa2); in a manner that maintains a liquid and conservative portfolio.

Zawya Code AMWQQMF.MF

Qatar

QAR

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Amwal Qatar Money Market Fund (B)

Money Market

Cayman Islands

August-2010

USD 1,000,000


Amwal QSC


To generate net returns in excess of short-term U.S. dollar money rates while seeking preservation of capital.

The fund’s assets will be invested mainly in short-term high-quality money market instruments, mostly in Qatar (sovereign rating AA / Aa2); in a manner that maintains a liquid and conservative portfolio.

Zawya Code AMWQMMB.MF

Qatar

USD

NO

Fund Manager: Amwal LLC

313

Qatar

QAR

NO

Qatar

USD

NO

Saudi Arabia Money Market




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Altawfeek Financial GroupAldurrah SAR Liquidity Fund

Money Market

Saudi Arabia

August-2008

SAR 50,000



To achieve superior returns along with capital preservation

The fund’s assets will be invested mainly in Shariah compliant short term money market instruments. The fund may also invest in Sukuk.

Zawya Code TFGADLS.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Arabi SAR Money Market Fund

Money Market

Saudi Arabia

May-2000

SAR 7,500



To achieve short term capital appreciation in excess of the 1 Month SIBOR benchmark

The fund’s assets will be invested mainly in money market securities such as Bank Deposits, Government Bonds and other conservative investment instruments.

Zawya Code ANBMMKT.MF

Saudi Arabia

SAR

NO


314





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB CapitalAlAhli Short-Term Dollar Fund

Money Market

Saudi Arabia

December-1979

USD 2,000



To achieve superior money market returns while maintaining low capital risk

The fund’s assets will be invested mainly in high quality money market instruments, bank certificates of deposit, banker’s acceptances, short term corporate debt securities and other government securities.

Zawya Code NCBSTUS.MF

Saudi Arabia

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

AlAhli National Investment Fund

Money Market

Saudi Arabia

August-1988

SAR 5,000



To achieve capital preservation along with superior returns

The fund’s assets will be invested mainly in Government Development Bonds and time deposits. The fund will also invest in trade finance instruments denominated in Saudi Riyal.

Zawya Code NCBNTLI.MF

Saudi Arabia

SAR

NO


315

Saudi Arabia

USD

NO

Saudi Arabia

SAR

NO





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalRiyad Money Fund

Money Market

Saudi Arabia

May-1999

SAR 5,000




The fund’s assets will be invested mainly in Saudi money market instruments and short to medium term Saudi Government securities such as SAR Time Deposits, Saudi Government Development Bonds, and Saudi Treasury Bills.

Zawya Code RYDMNEY.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Riyad Money Fund (USD)

Money Market

Saudi Arabia

June-1988

USD 1,500




The fund’s assets will be invested mainly in money market securities denominated in US Dollars.

Zawya Code RYDMNUS.MF

Saudi Arabia

USD

NO


316





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Samba CapitalAl Razeen Riyal Fund

Money Market

Saudi Arabia

October-1988

SAR 7,500




The fund’s assets will be invested mainly in money market securities, debt instruments and other interest bearing investments denominated in Saudi Riyal.

Zawya Code SMBRAZN.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Razeen Dollar Fund

Money Market

Saudi Arabia

September-1987

USD 2,000




The fund’s assets will be invested mainly in international money market securities, debt instruments and other interest bearing investments denominated in US Dollars.

Zawya Code SMBRZUS.MF

Saudi Arabia

USD

NO


317

Saudi Arabia

SAR

NO

Saudi Arabia

USD

NO





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital CompanySaudi Riyal Money Market Fund

Money Market

Saudi Arabia

July-1994

SAR 5,000



To achieve steady capital appreciation with a high degree of capital preservation

The fund’s assets will be invested mainly in short to medium term money market instruments. The fund shall also invest in securities issued by banks and governments such as bonds, time desposits, certificates of deposits, repurchase agreements and swap transactions.

Zawya Code SHBMMKT.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

US Dollar Money Market Fund

Money Market

Saudi Arabia

July-1994

USD 3,000




The fund’s assets will be invested mainly in short to medium-term money market instruments issued by the government and local financial institutions. The fund shall also invest in local money market funds to a lower extent.

Zawya Code SHBMMKU.MF

Saudi Arabia

USD

NO


318

UAE Money Market




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Mal CapitalAl Mal Liquidity Fund

Money Market

UAE

April-2009

AED 100,000


Open to all investors except for US investors

To achieve capital preservation along with generating income

The fund’s assets will be invested mainly in UAE money market instruments. The fund may also invest in money market instruments located in the GCC.

Zawya Code MALAEDF.MF

UAE

AED

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Global US Dollar Money Market Fund

Money Market

Bahrain

July-2002

USD 5,000

In their multiples thereafter


To achieve capital appreciation and returns that will outperform the interest rate on 1 Month LIBOR

The fund’s assets will be invested mainly in international USD money market instruments.

Zawya Code GLOUMMF.MF

Worldwide

USD

NO


Worldwide Money Market


319

UAE

AED

NO

Worldwide

USD

NO

321

GCC REITs




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Inovest B.S.C.Inovest Real Estate Investment Trust

REIT

Bahrain

June-2009

1 unit



To achieve capital appreciation along with regular returns and capital gains over a longer period of time.

The REIT will invest mainly in income generating properties in the GCC.

Zawya Code N/A

GCC

USD

YES

322

Saudi Arabia REITs



Majed Al Hudaib

Fund Manager


395737

+966 1 207 9979

+966 1 207 9963

[email protected]

www.ksb.com.sa


Domicile Currency


Min Subscription


Eligibility


REIT

KSA

December-2007

SAR 10,000


Open to Gulf nationals, Saudi residents, and foreigners who have an investment account

To achieve high capital returns.

The REIT will invest mainly in a raw land, south of Riyadh, then develop it, and sell it as commercial plots, warehouses and workers Housing to earn good returns for investors.

Zawya Code N/A

KSA

SAR

YES

CONTACT DETAILS

Name

Address

PO Box

Tel

Fax

Email

Website

Taibah KSB Real Estate FundFund Manager: KSB Capital Group

323

KSA

SAR

YES

Saudi Arabia REITs




Domicile Currency


Min Subscription


Eligibility


REIT

KSA

November-2009

SAR 10,000




The REIT will invest mainly in land in Al Rehab area in North Riyadh and build villas on a part of it, then sell them.

Zawya Code N/A

KSA

SAR

YES

CONTACT DETAILS

KSB Al Rehab Villas FundFund Manager: KSB Capital Group

Majed Al Hudaib

Fund Manager


395737

+966 1 207 9979

+966 1 207 9963

[email protected]

www.ksb.com.sa

Name

Address

PO Box

Tel

Fax

Email

Website

324

Saudi Arabia REITs




Domicile Currency


Min Subscription


Eligibility


REIT

KSA

July-2008

SAR 1,000,000




The REIT will invest mainly in an administrative tower in collaboration with “Afaq For Urban Development “ on a leased plot of land for 7 years.

Zawya Code N/A

KSA

SAR

YES

KSB View Tower FundFund Manager: KSB Capital Group

Majed Al Hudaib

Fund Manager


395737

+966 1 207 9979

+966 1 207 9963

[email protected]

www.ksb.com.sa

CONTACT DETAILS

Name

Address

PO Box

Tel

Fax

Email

Website

325

KSA

SAR

YES

Saudi Arabia REITs




Domicile Currency


Min Subscription


Eligibility


REIT

KSA

October-2009

SAR 1,000,000




The REIT will invest mainly in a residential tower (4-star hotel) and then lease and sell it in collaboration with “Makkiyoon Urban Developers” (the developer), so as to achieve high returns for investors.

Zawya Code N/A

KSA

SAR

YES

KSB Bait Makkah FundFund Manager: KSB Capital Group

CONTACT DETAILS

Majed Al Hudaib

Fund Manager


395737

+966 1 207 9979

+966 1 207 9963

[email protected]

www.ksb.com.sa

Name

Address

PO Box

Tel

Fax

Email

Website

326

UAE REITs




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Emirates REIT Management (Private) Limited Emirates REIT

REIT

UAE

November-2010

USD 10,000



To achieve medium to long-term capital growth

The REIT will invest mainly in income-generating real estate and property related assets.

Zawya Code N/A

UAE

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Global REITs Fund

REIT

Cayman Islands

March-2006

USD 500,000


Open to all investors except US citizens

To achieve capital appreciation along with competitive returns over a complete market cycle period

The REIT will invest mainly in securities listed in US, Europe and Asian equity markets.

Zawya Code N/A

Worldwide

USD

NO


Worldwide REITs


327

UAE

USD

YES

Worldwide

USD

NO

329

GCC Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Bilad Investment CompanyAkar Fund

Sector

Saudi Arabia

January-2007

SAR 8,000




The fund’s assets will be invested mainly in Shariah compliant equities of listed Real Estate companies in the GCC.

Zawya Code BABAKAF.MF

GCC

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Amwal Fund

Sector

Saudi Arabia

August-2006

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant equities of financial institutions in the GCC and worldwide.

Zawya Code BABAMWF.MF

GCC

USD

YES


330

GCC Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Muthana Investment CompanyAl Muthana GCC Islamic Banks Fund

Sector

Kuwait

October-2008

KWD 1,000




The fund’s assets will be invested mainly in Shariah compliant securities of Islamic banks listed on the GCC markets.

Zawya Code MUTGCIB.MF

GCC

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Global Energy, Petrochemical, and Downstream Industries Fund

Sector

Bahrain

May-2006

USD 10,000




The fund’s assets will be invested mainly in the energy and energy related sectors such as oil & gas, petrochemical and downstream industries in the domestic and regional markets.

Zawya Code GLOEPAD.MF

GCC

USD

NO


331

GCC

KWD

YES

GCC

USD

NO

GCC Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: National Investments CompanyMawarid Industrial and Petroleum Services Fund

Sector

Kuwait

April-2006

KWD 10,000




The fund’s assets will be invested mainly in Shariah compliant listed and unlisted shares of companies pertaining to the industrial and petroleum services sector in Kuwait and the GCC region.

Zawya Code NICMAWA.MF

GCC

KWD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al-Qasr GCC Real Estate And Construction Equity Trading Fund

Sector

Saudi Arabia

April-2007

SAR 2,000




The fund’s assets will be invested mainly in listed Shariah compliant real estate equities in the GCC countries. The fund may also invest in real estate linked equities in other countries in the Middle East and North Africa.

Zawya Code BSFQREC.MF

GCC

SAR

YES


332

GCC Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Hollandi Capital CompanyGCC Financial Institutions Equity Fund

Sector

Saudi Arabia

November-2005

SAR 5,000




The fund’s assets will be invested mainly in listed GCC financial institutions equities.The fund may also invest in short term money market instruments.

Zawya Code SHBFINC.MF

GCC

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Masaref Investment Fund

Sector

Kuwait

February-2007

1,000 units




The fund’s assets will be invested mainly in the equities of banks that are listed and non-listed on the Kuwait stock exchange. The fund may also invest in money market funds and money market instruments.

Zawya Code HFCMSRF.MF

Kuwait

KWD

NO

Fund Manager: Housing Finance Company

Kuwait Sector


333

GCC

SAR

NO

Kuwait

KWD

NO

Kuwait Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: National Investments CompanyZajil Services & Telecommunications Fund

Sector

Kuwait

February-2005

KWD 1,000




The fund’s assets will be invested mainly in Shariah compliant companies that pertain to the communication and services sector listed on the Kuwait stock exchange and to a lesser extent on the Arab markets.

Zawya Code NICZAJL.MF

Kuwait

KWD

YES


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Al-Tawfeek Arab Telecommunication Fund

Sector

Bahrain

April-2005

USD 25,000


Altawfeek Company for Investment Funds



The fund’s assets will be invested mainly in Shariah compliant equities and equity related securities of telecommunications and related infrastructure companies in the MENA region.

Zawya Code ALTATEL.MF

MENA

USD

YES


MENA Sector


334

MENA Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Kuwait Investment CompanyAl-Atheer Fund

Sector

Kuwait

June-2003

1,000 units




The fund’s assets will be invested mainly in listed and unlisted Telecom companies in the Middle East and North Africa Region (MENA).

Zawya Code KICATER.MF

MENA

KWD

NO

335

MENA

KWD

NO



Domicile Currency


Min Subscription


Eligibility


Sector

Bahrain

August-2007

USD 100,000




The fund’s assets will be invested mainly in financial sector equity securities listed on Arab stock markets (Kuwait, Oman, Qatar, Bahrain, the United Arab Emirates, Saudi Arabia, Egypt, Tunisia, Jordan, Morocco and Lebanon). However, from time to time the Fund will invest in Arab equity related, hybrid and debt securities.

Zawya Code SICOAFF.MF

MENA

USD

NO

CONTACT DETAILS

SICO Arab Financial FundFund Manager: Securities & Investment Company

MENA Sector


Shakeel Sarwar



+ 973 1 751 5000 Ext 5007

[email protected]

www.sicobahrain.com

Name

PO Box

Tel

Email

Website


336

Middle East; Africa Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes HoldingEFG-Hermes Telecom Fund

Sector

Bermuda

April-2000

USD 10,000




The fund’s assets will be invested mainly in listed and unlisted equities and equity-related securities of telecommunications, media, information technology, and related infrastructure companies in the MENA region.

Zawya Code EFGTELE.MF

Middle East; Africa

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Rajhi Petrochemicals and Cement Stocks Fund

Sector

Saudi Arabia

December-2007

SAR 10,000




The fund’s assets will be invested mainly in Shariah compliant equity securities of Petrochemical and Cement companies in Saudi Arabia.

Zawya Code RAJRPCF.MF

Saudi Arabia

SAR

YES


Saudi Arabia Sector


337

Middle East; Africa

USD

NO

Saudi Arabia

SAR

YES

Saudi Arabia Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia LimitedHSBC Amanah Saudi Industrial Companies Fund

Sector

Saudi Arabia

April-2005

SAR 5,000




The fund’s assets will be invested mainly in the shares of Shariah compliant Saudi Arabian industrial companies.

Zawya Code HSBAIND.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

HSBC Saudi Petrochemical Equity Opportunities Fund

Sector

Saudi Arabia

December-2007

SAR 5,000




The fund’s assets will be invested mainly in a portfolio of Saudi petrochemical equities of companies listed on the Saudi Equity Market.

Zawya Code HSBPTRO.MF

Saudi Arabia

SAR

NO


338

Saudi Arabia Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia LimitedHSBC Saudi Construction and Cement Equity Fund

Sector

Saudi Arabia

May-2008

SAR 5,000




The fund’s assets will be invested mainly in a portfolio of Saudi construction and cement equities in companies listed on the Saudi stock exchange. The Fund will invest to a lesser extent in short-term money market instruments.

Zawya Code HSBSCCE.MF

Saudi Arabia

SAR

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

HSBC Saudi Financial Institutions Equity Fund

Sector

Saudi Arabia

August-2004

SAR 5,000




The fund’s assets will be invested mainly in the equities of listed Saudi Financial Institutions.

Zawya Code HSBFLIS.MF

Saudi Arabia

SAR

NO


339

Saudi Arabia

SAR

NO

Saudi Arabia

SAR

NO

Saudi Arabia Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalAl Emaar Fund

Sector

Saudi Arabia

December-2009

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant equities of real estate, construction, and cement Saudi companies.

Zawya Code RYDAEMF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Saudi Financial Institutions Equity Fund

Sector

Saudi Arabia

December-1999

SAR 5,000




The fund’s assets will be invested mainly in listed Saudi bank equities traded on the Saudi stock exchange. The fund may also invest in short term money market instruments.

Zawya Code SHBBKIN.MF

Saudi Arabia

SAR

NO


340

Worldwide Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: MR Capital Management Ltd.Global Consumer Loyalty Fund

Sector

Cayman Islands

June-2011

USD 250,000


Open to qualified investors. Kindly contact manager or refer to prospectus.


The fund’s assets will be invested mainly in global Shariah compliant listed equity securities of companies around the world in the consumer and consumer related industries.

Zawya Code MRCGCLF.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

AlAhli Global Real Estate Fund

Sector

Saudi Arabia

December-2007

USD 2,000




The fund’s assets will be invested mainly in Shariah-compliant companies engaged principally in the real estate industry. The fund shall also invest in listed Real Estate Investment Trusts “REITs” across the globe.

Zawya Code NCBAGRE.MF

Worldwide

USD

YES


341

Worldwide

USD

YES

Worldwide

USD

YES

Worldwide Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB CapitalAlAhli Healthcare Trading Equity Fund

Sector

Saudi Arabia

October-2000

USD 2,000



To achieve competitive returns over the medium to long term

The fund’s assets will be invested mainly in shares of Shariah-compliant healthcare companies.

Zawya Code NCBAHTE.MF

Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Technology Fund

Sector

Saudi Arabia

August-2001





The fund’s assets will be invested mainly in equity securities of companies in the technology sector.

Zawya Code RYDTECH.MF

Worldwide

EUR

NO


342

Worldwide Sector




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalTelecommunications Fund

Sector

Saudi Arabia

August-2001





The fund’s assets will be invested mainly in equity securities of companies in the telecommunications sector worldwide.

Zawya Code RYDTLCM.MF

Worldwide

EUR

NO

343

Worldwide

EUR

NO

345

GCC Sukuk




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Bank of London and The Middle East PLC

BLME Umbrella Fund SICAV-SIF - Shariah USD Income Fund (Class B)

Sukuk

Luxembourg

March-2009

USD 250,000



To achieve a target gross return of Benchmark +1% per annum

The fund’s assets will be invested mainly in Shariah compliant fixed income instruments such as Sukuk. The fund shall also invest in other short term Shariah compliant money market instruments to a lower extent.

Zawya Code BLESIFB.MF

GCC

USD

YES


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

BNP Paribas Hilal Income Fund (Class C)

Sukuk

Ireland

January-2009

USD 500,000


BNP Paribas Asset Management Limited (Ireland)


To achieve attractive returns over the medium to long term

The fund’s assets will be invested mainly in Shariah compliant fixed income products, particularly in Sukuk. The fund shall also invest in Murabaha transactions to a lower extent.

Zawya Code BNPHIFC.MF

GCC

USD

YES

Fund Manager: BNP Paribas Investment Partners

346

GCC Sukuk




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


SAIB Sukuk Fund

Sukuk

Saudi Arabia

April-2011

SAR 100,000



To generate income and capital appreciation over the medium to long term

The fund’s assets will be invested mainly in GCC based Sukuk issues and funds. The fund will also invest in Murabaha transactions and other short term instruments to manage liquidity.

Zawya Code SIBSUKU.MF

GCC

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Tharawat Sukuk Fund

Sukuk

Bahrain

February-2010

USD 100,000



To generate returns by investing in a diversified portfolio of Shari’a Compliant income-producing Sukuks

The fund’s assets will be invested mainly in a diversified portfolio of Shariah compliant fixed income instruments and securities.

Zawya Code THASUKU.MF

GCC

USD

YES

Fund Manager: Tharawat Investment House B.S.C.

347

GCC

SAR

YES

GCC

USD

YES

MENA Sukuk




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Arabi Investment Group

IIAB Sukuk & Murabaha MENA Fund

Sukuk

Channel Islands

February-2008

USD 25,000



To achieve capital growth along with generating income

The fund’s assets will be invested mainly in Sukuks and Murabaha. The fund may also invest in other Shariah compliant instruments.

Zawya Code AIGIIAB.MF

MENA

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Emirates Global Sukuk Fund USD Institutional Share Class (Accumulation)

Sukuk

Channel Islands

April-2010

USD 1,000,000



To achieve high income as well as capital growth

The fund’s assets will be invested mainly in a diversified portfolio of Sukuks issued by companies locally and globally with various maturities.

Zawya Code EBKGSIA.MF

MENA

USD

YES


348

MENA Sukuk




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Jadwa Global Sukuk Fund

Sukuk

Saudi Arabia

October-2007

USD 15,000



To achieve long term capital appreciation while maintaining a low level of risk

The fund’s assets will be invested mainly in a diversified portfolio of sovereign, quasi-sovereign, corporate and convertible Sukuk. The Fund may also invest in Shariah compliant project finance and structured finance transactions. Excess cash which the Fund may have from time to time would be invested in short-term Murabaha deposits

Zawya Code JADSKUK.MF

MENA

USD

YES

349

MENA

USD

YES



Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Sukuk

UAE

June-2009

USD 10,000



To achieve Shariah compliant fixed returns

The fund’s assets will be invested mainly in Sukuk in the MENA region. The fund may also invest in other fixed income Shariah compliant assets.

Zawya Code MAKBIIF.MF

MENA

USD

YES

CONTACT DETAILS

Mashreq Al Islami Income FundFund Manager: Mashreq Capital

MENA Sukuk


Abdul Kadir Hussain


1250, Dubai, UAE

+971 4 207 8811

[email protected]

www.mashreqbank.com

Name

PO Box

Tel

Email

Website

350

MENA; Worldwide Sukuk




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: QIB (UK)

Global Sukuk Plus Fund (Class A)

Sukuk

Luxembourg

March-2009

The equivalent of EUR 125,000

In multiples of the equivalent of EUR 10,000

Qatar Islamic Bank

Open to institutions, professionals and well informed individuals

To achieve capital appreciation along with income distribution

The fund’s assets will be invested mainly in Sukuk issued by sovereign, quasi sovereign and corporations in the MENA region. The fund may also invest in other islamic securities such as Murabaha.

Zawya Code EFHGSPF.MF

MENA; Worldwide

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Falcom Sukuk Fund

Sukuk

Saudi Arabia

October-2007

SAR 100,000



To achieve capital preservation along with competitive returns

The fund’s assets will be invested mainly in medium to long term Sukuk investments.

Zawya Code FALSUKS.MF

Saudi Arabia

SAR

YES


Saudi Arabia Sukuk


351

MENA; Worldwide

USD

YES

Saudi Arabia

SAR

YES

Saudi Arabia Sukuk




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Al Yusr Murabaha & Sukuk Fund

Sukuk

Saudi Arabia

July-2003

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant Sukuk. The fund shall also invest in Murabaha transactions to a lower extent.

Zawya Code SHBYMSF.MF

Saudi Arabia

SAR

YES

352




Zawya Funds Ranking, the �rst and only independent funds ranking system in the Middle East. It addresses the rising demand for accurate information, unbiased research and analysis, as well as increased transparency in the regional funds industry.

Zawya Funds Ranking is publicly available on Zawya Funds Monitor Homepage

www.zawya.com/funds

Funds RankingC

M

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CM

MY

CY

CMY

K

FundsRanking Advert - Final.pdf 1 1/4/2012 11:09:44 AM

357

GCC Trade Finance




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB CapitalAlAhli US Dollar Sukuk and Murabaha Fund

Trade Finance

Saudi Arabia

March-2010

USD 10,000



To achieve competitive returns along with liquidity

The fund’s assets will be invested mainly in US Dollar Sukuk & Murabaha transactions. The fund may also invest in other US Dollar Shariah compliant short and long term trade transactions.

Zawya Code NCBUSSM.MF

GCC

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al-Badr Murabaha Fund SAR

Trade Finance

Saudi Arabia

September-1999

SAR 2,000



To provide capital preservation and liquidity

The fund’s assets will be invested mainly in Shariah compliant Sukuk and Murabaha transactions in the GCC.

Zawya Code BSFBADS.MF

GCC

SAR

YES


358

MENA Trade Finance




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Jadwa InvestmentJadwa Saudi Riyal Murabaha Fund

Trade Finance

Saudi Arabia

June-2007

SAR 50,000




The fund’s assets will be invested mainly in diversified low risk trade transactions with counterparties of good reputation and sound financial backing. The average duration of the fund’s portfolio does not exceed one year.

Zawya Code JADSRMF.MF

MENA

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Jadwa US Dollar Murabaha Fund

Trade Finance

Saudi Arabia

June-2007

USD 15,000


Open to GCC nationals and residents. Non GCC residents need the CMA’s authorization.


The fund’s assets will be invested mainly in diversified low risk trade transactions with counterparties of good reputation and sound financial backing. The average duration of the Fund’s portfolio does not exceed one year.

Zawya Code JADUSMF.MF

MENA

USD

YES


359

MENA

SAR

YES

MENA

USD

YES

Saudi Arabia Trade Finance




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Awwal Financial ServicesAlawwal SAR Murabaha Fund

Trade Finance

Saudi Arabia

April-2009

SAR 10,000



To achieve returns in excess of 3 Months SIBOR

The fund’s assets will be invested mainly in short to medium term Murabaha transactions. The fund shall also invest in other Murabaha funds and Sukuk, issued by licensed financial institutions.

Zawya Code AWLASMF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Murabeh Riyal Fund

Trade Finance

Saudi Arabia

December-2005

SAR 8,000



To achieve medium term capital preservation

The fund’s assets will be invested mainly in Shariah compliant Murabaha transactions through the purchase of goods and commodities.

Zawya Code BABMURB.MF

Saudi Arabia

SAR

YES


360





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi CapitalSaudi Riyal Commodity Mudaraba Fund

Trade Finance

Saudi Arabia

June-2000

SAR 7,500



To achieve steady capital growth

The fund’s assets will be invested mainly in SAR denominated Mudaraba investments.

Zawya Code RAJMUDR.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

USD Commodity Mudaraba Fund

Trade Finance

Saudi Arabia

December-1990

USD 2,000




The fund’s assets will be invested mainly in USD denominated Mudaraba investments.

Zawya Code RAJMUDU.MF

Saudi Arabia

USD

YES


361

Saudi Arabia

SAR

YES

Saudi Arabia

USD

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi CapitalEUR Commodity Mudaraba Fund

Trade Finance

Saudi Arabia

November-2002

EUR 2,000

In multiples of EUR 1,000 thereafter



The fund’s assets will be invested mainly in EUR denominated Mudaraba investments.

Zawya Code RAJMUDE.MF

Saudi Arabia

EUR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Qawafel Commodities Trading Fund

Trade Finance

Saudi Arabia

November-2000

SAR 5,000



To achieve competitive returns

The fund’s assets will be invested mainly in Murabaha transactions in the commodities markets.

Zawya Code BAJCOMM.MF

Saudi Arabia

SAR

YES

Fund Manager: Aljazira Capital

362





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ANB InvestAl Mubarak SAR Trade Fund

Trade Finance

Saudi Arabia

January-1993

SAR 7,500



To achieve short term capital appreciation in excess of the One Month Indicative SAR Murabaha Return Index

The fund’s assets will be invested mainly in Shariah compliant investments such as Murabaha, Ijara and other conservative Shariah compliant investments.

Zawya Code ANBSART.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Falcom Saudi Riyal Morabaha Fund

Trade Finance

Saudi Arabia

August-2007

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant Murabaha transactions in Saudi Arabia.

Zawya Code FALSRMF.MF

Saudi Arabia

SAR

YES


363

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia LimitedHSBC Amanah Saudi Riyal Trading Fund

Trade Finance

Saudi Arabia

December-1998

SAR 5,000



To achieve competitive returns at minimal risk

The fund’s assets will be invested mainly in commodity trading . The fund shall invest to a lesser extent in Ijara investments.

Zawya Code HSBATRD.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

HSBC Amanah USD Trading Fund

Trade Finance

Saudi Arabia

December-1998

USD 2,000



To achieve competitive returns at minimal risk

The fund’s assets will be invested mainly in commodity trading . The fund shall invest to a lesser extent in Ijara investments.

Zawya Code HSBATRU.MF

Saudi Arabia

USD

YES


364





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Khalijia InvestSAR Trade Fund

Trade Finance

Saudi Arabia

January-2010

SAR 10,000



To achieve returns in excess of the benchmark

The fund’s assets will be invested mainly in Shariah compliant transactions such as Murabaha, Ijara, and Sukuk.

Zawya Code KHASART.MF

Saudi Arabia

SAR

YES

365

Saudi Arabia

SAR

YES


Fares Hammouda

Fund Manager


395737

+966 1 207 9979

+966 1 207 9963

[email protected]

www.ksb.com.sa


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Trade Finance

Saudi Arabia

December-2008

SAR 10,000



To achieve both capital preservation and compound growth

The fund’s assets will be invested mainly in Shariah compliant Murabaha transactions within Saudi Arabia.

Zawya Code KSBMURA.MF

Saudi Arabia

SAR

YES

CONTACT DETAILS

Name

Address

PO Box

Tel

Fax

Email

Website

KSB Murabaha FundFund Manager: KSB Capital Group



366





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Middle East Financial Investment CompanyMEFIC SAR Murabaha Fund

Trade Finance

Saudi Arabia

March-2011

SAR 2,000




The fund’s assets will be invested mainly in Shariah compliant commodity transactions. The fund may also invest to a lesser extent in Sukuks and other Shariah compliant Murabaha funds.

Zawya Code MEFSRMF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

AlAhli Diversified Saudi Riyal Trade Fund

Trade Finance

Saudi Arabia

October-2003

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant trade finance investments such as Murabaha and Sukuk.

Zawya Code NCBDSAR.MF

Saudi Arabia

SAR

YES


367

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB CapitalAlAhli Saudi Riyal Trade Fund

Trade Finance

Saudi Arabia

April-1995

SAR 5,000




The fund’s assets will be invested mainly in short term Murabaha based Saudi Riyal investments.

Zawya Code NCBSART.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

AlAhli International Trade Fund

Trade Finance

Saudi Arabia

March-1987

USD 2,000




The fund’s assets will be invested mainly in short-term Murabaha based US Dollar investments.

Zawya Code NCBITLT.MF

Saudi Arabia

USD

YES


368





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB CapitalAlAhli Euro Murabahat Fund

Trade Finance

Saudi Arabia

June-2002

EUR 2,000

In multiples of EUR 1,000 thereafter



The fund’s assets will be invested mainly in short term Murabaha based Euro denominated investments.

Zawya Code NCBEURO.MF

Saudi Arabia

EUR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

AlAhli Diversified US Dollar Trade Fund

Trade Finance

Saudi Arabia

October-2003

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant trade finance investments such as Murabaha and Sukuk.

Zawya Code NCBDUSD.MF

Saudi Arabia

USD

YES


369

Saudi Arabia

EUR

YES

Saudi Arabia

USD

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalCommodity Trading Fund (SAR)

Trade Finance

Saudi Arabia

July-1993

SAR 5,000




The fund’s assets will be invested mainly in short term Murabaha investments denominated in Saudi Riyals.

Zawya Code RYDCOMM.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Commodity Trading Fund (USD)

Trade Finance

Saudi Arabia

October-1990

USD 1,500




The fund’s assets will be invested mainly in short term Murabaha investments denominated in US Dollars.

Zawya Code RYDCMUS.MF

Saudi Arabia

USD

YES


370





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: SAIB BNP Paribas Asset ManagementSAIB Trade Finance Fund

Trade Finance

Saudi Arabia

July-2003

SAR 2,000




The fund’s assets will be invested mainly in Shariah compliant trade finance investments such as Murabaha.

Zawya Code SIBTRFN.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

SAIB Murabaha Fund

Trade Finance

Saudi Arabia

July-2004

SAR 2,000




The fund’s assets will be invested mainly in short term Murabaha transactions denominated in Saudi Riyals.

Zawya Code SIBMURA.MF

Saudi Arabia

SAR

YES


371

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Samba CapitalSAR International Trade Finance Fund

Trade Finance

Saudi Arabia

November-1986

SAR 7,500



To achieve capital appreciation and liquidity

The fund’s assets will be invested mainly in international trade finance transactions with zero interest.

Zawya Code SMBITFF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Al Yusr Saudi Riyal Murabaha Fund

Trade Finance

Saudi Arabia

December-2001

SAR 5,000




The fund’s assets will be invested mainly in Shariah compliant Murabaha investments. The fund shall also invest in Sukuk to a lower extent.

Zawya Code SHBMURB.MF

Saudi Arabia

SAR

YES


372





Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: SHUAA Capital Saudi ArabiaSHUAA Murabaha Fund

Trade Finance

Saudi Arabia

January-2010

SAR 10,000



To achieve capital preservation and liquidity

The fund’s assets will be invested mainly in Shariah compliant transactions such as Murabaha and Ijara. The fund shall also invest in Sukuk issued by well known companies and other entities in Saudi Arabia and GCC.

Zawya Code SHKMURA.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

The Investor Saudi Riyal Murabaha Fund

Trade Finance

Saudi Arabia

July-2009

SAR 10,000



To achieve risk-adjusted returns while preserving capital

The fund’s assets will be invested mainly in short term Murabaha contracts as well as other Shariah compliant financing instruments such as Sukuk.

Zawya Code TICISRM.MF

Saudi Arabia

SAR

YES

Fund Manager: The Investor Company for Securities

373

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES

UAE Trade Finance




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Commercial Bank of DubaiAl Dana Murabaha Fund

Trade Finance

UAE

November-2007

AED 100,000



To achieve returns superior to the Murabaha rates

The fund’s assets will be invested mainly in Shariah compliant Murabaha deposits. The fund may also invest in other Shariah compliant money market instruments, funds and Sukuks.

Zawya Code CBDDMUR.MF

UAE

AED

YES

374




Introduction S&P Capital IQ first began analysing funds in the Mena region in 2007. From an initial 10 funds, this has risen to almost 40, the majority of which are managed from the region.

The last four years have witnessed dramatic change. As the region has evolved, investment opportunities have increased and are steadily attracting fund managers with the skills re-quired to meet the increasing client demand.

Despite recent macroeconomic and political crises, the region has remained remarkably resilient. Assets under management in Mena-domiciled funds have dropped by only $4bn since the 2008 crash to stand at $67bn as at Q2 2011, according to Zawya Funds Monitor.

S&P Capital IQ reviews all rated Mena funds every six months and at any significant fund-specific event. As the markets have developed, so we have noticed various trends across the industry, the key ones of which we cover below.

TrendsIncreased transparencyThe region’s much-publicised low correlation with global markets failed to materialise in 2009 and all the major Mena markets fell significantly as international investors exited what were, for them, off-benchmark posi-tions. On the whole, the funds we reviewed saw limited outflows, although not all were immune from redemptions. In this environ-ment, some groups took advantage of the resultant lower team turnover and more readily available support tools to rationalise and refine their investment approach. We also noted that the use of independent custodians and administrators had become

more widespread, and managers told us that access to company management as well as the standard of corporate governance had increased. Since the global market crash, coverage by some of the large international brokers has also improved.

Following the outflows of international money in 2009, the common view among manag-ers was that any upturn would be driven by domestic investors, in particular sovereign wealth funds (SWFs) and government spend-ing. This sentiment remains true today. Gov-ernment spending has increasingly been used in the region to buoy the markets since 2009, notably in Saudi Arabia, which committed to spend around $135bn in 2011. However, regional government purses remain heavily reliant on the oil price and thereby correlated to the fortunes of the global economy.

Shifting strategyOverall, although managers in the region tend to be perennial bulls, the true measure of a manager’s view is typically represented by a fund’s position in cash. The region continues to be characterised by a more absolute-return mindset and cash is used actively. That said, funds are gradually shift-ing approach. Fund managers are now more benchmark-aware, with several groups ex-plicitly stating they wish alpha to be driven by stock selection rather than asset allocation. However, implementing this shift in strategy is still proving to be troublesome.

Small fund sizes and a lack of diversification of client base have increasingly been highlighted as an issue by international investors. Most of the funds we review have less than $100m under management, and some have less than

Mena sector trendsby Gokhan Saruhan, head of fund research, S&P CapitaI IQ

Q&AGokhan Saruhan

Zawya: Why has the name changed, from Standard & Poor’s to S&P Capital IQ?

Gokhan Saruhan: A major new financial brand has been created that combines two powerful brands – S&P, a name known globally for analytic expertise and high-quality benchmarks, and Capital IQ, whose innovative platform has created new methods and tools for global profes-sionals to gather and analyse information to optimise investment decisions. S&P Fund Services has become S&P Capital IQ fund research and our new logo reflects the new brand and offering.

Zawya: What plans does S&P Capital IQ fund research have for the year ahead?

GS: We continue to broaden our offering to investors with new services. This year, we aim to launch qualitative research of European ETFs, sharper clas-sification of asset allocation funds and a range of analytical services tailored to the growing needs of wealth managers.

To enquire about S&P Capital IQ fund ratings, contact: +44 20 7176 8500 or [email protected]

S&P Pan Arab Composite returns and S&P GCC Composite annualised total returns (USD), December 2004 - October 2011

Source: S&P Indices

Note: The S&P Pan Arab and GCC Composite are comprehensive bench-mark indices designed to measure the performance of the investable equity market available to GCC residents. As of October 31, 2011, the S&P Pan Arab Composite included 352 stocks from 11 countries and the S&P GCC Composite included 269 stocks from the 6 GCC countries.

0

50

100

150

200

250

Dec-0

4

Jun-0

5

Dec-0

5

Jun-0

6

Dec-0

6

Jun-0

7

Dec-0

7

Jun-0

8

Dec-0

8

Jun-0

9

Dec-0

9

Jun-1

0

Dec-1

0

Jun-1

1

S&P Pan Arab Composite

S&P GCC Composite

S&P Pan Arab S&P GCC Composite Composite

1-year -4.90% -1.63%3-year 1.09% 1.73%5-year -4.87% -5.85%

Pric

e

Index 31, Dec 2004 = 100

$10m. However, fund size is not the same concern as it would be in other markets. This is because it is widely recognized that, in this particular region, retail funds are used to showcase the investment capabilities of a group and that assets under management in discretionary portfolios account for a grow-ing share of business.

Risk managementThere has been significant improvement in the region in fund managers’ approach to risk management since we began covering the region in 2007. From an almost exclusive focus on downside protection, awareness of risk has grown and most asset managers have set up risk management functions, typi-cally directly reporting to the head of busi-ness. Although risk management remains, in most cases, a product of portfolio compli-ance, we are witnessing a gradual evolution of risk as a tool to enrich and inform fund managers’ stock selection and asset alloca-tion decisions. Risk systems have continued to develop, with most groups now using some form of style analysis and performance attribution, signalling a desire for increased sophistication and knowledge.

The rise of fixed incomeIncreasingly, attention is being paid to fixed income as an asset class. Almost all the fund managers covered in our January 2011 review had launched or were considering launching fixed income funds, either in the form of pure Shariah-compliant sukuk port-folios or as a mix of conventional and sukuk instruments. As at our end-2011 review, most

of the inflows seen were into fixed income as an asset class (rather than equity), and managers expect it to account for a growing proportion of their total assets. Earlier this year, we rated a fixed income fund in the region for the first time.

Although fixed income funds are proving attractive in the current volatile climate, managers acknowledge that the potential to add value is limited. While this is true of fixed income funds in general, it is especially true of this region due to the lack of depth and liquid-ity of the debt markets here.

OutlookIt is commonly believed that exogenous fac-tors will have a greater impact on the region in the near future than they have done historically. In the face of the eurozone crisis and dwindling global economic demand, managers in the region are therefore moving towards domestic consumption plays.

Most of the managers we interviewed at the end of 2011 were overweight Qatar and Saudi Arabia, both liked for their domestic con-sumption, fuelled by government spending.

Mena-domiciled funds, AUM breakdown in selected markets, Q2 2008, Q2 2011

• What information does a fund rating from S&P Capital IQ provide about a fund? Our research reports offer an insight into the management style of the fund, how the portfolio is positioned and how this may have changed, as well as providing statistical data. Our opinion explains our ultimate view of the fund and provides investors with a better understanding of the fund’s performance and how it might perform in the future given a range of market condi-tions.

To come to this conclusion, we consider all aspects of the team as well as the investment process of the fund and the risk and controls around that process. We assess the performance of the fund against its peer group, benchmark, or the most relevant cri-teria, taking into account the flexibility of the mandate to adjust to different market conditions.

• How can investors use S&P Capital IQ’s fund ratings to improve the services on offer to their clients?They can use them in several ways, including to support market-ing and investor outreach activities since S&P Capital IQ’s fund research is consistent across all sectors. It is global in the sense that the same process will be used to evaluate funds whether they are run from Bahrain or London.

• How does S&P Capital IQ ensure that standards are maintained throughout the year by the rated funds?We interview every fund and consider everything that is relevant at least once a year, with the aim of gaining a considerable amount of knowledge about the fund team over a period of years. We monitor our funds on a regular basis and communicate important changes, such as a change of manager or investment process, to investors via the fund reports, available at www.fundsinsights.com.

What does a fund rating from S&P Capital IQ really mean?

Copyright © 2012 by Standard & Poor’s Financial Services LLC (S&P), a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved.

Source: Zawya Funds Monitor

23.70

15.32

8.84

8.47

5.18

3.70

0.90

29.32

11.28

13.86

5.88

4.97

2.94

1.85

0 5 10 15 20 25 30 35

Saudi Arabia

Morocco

Kuwait

Egypt

Bahrain

Tunisia

UAE

$ bn

Q2-08 ($bn)

Q2-11 ($bn)

Total AUM ($bn)Q2 2008 Q2 2011

71.03 66.87

Zawya – MENA Funds Directory 2012online.wsj.com/adimg/assetmanagement-related_zawya.pdf ·...

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