GCC Banks & Financial Institutions Equity Fund (Amwal) – ALBILAD Investment


Current Unit Price (13/08/2017) .68
Change Since Previous close 0.00
Previous close (06/08/2017) .68
1 Year High (12/04/2017) 0.69
1 Year Low (09/10/2016) 0.62


Returns:

1 Month Return(%) 4.02

6 Month Return(%) -0.03

1 Year Return(%) 1.80

3 Year Return(%) -21.51
Currency: USD Management Fee: 2%
Category: Stock Intl Sub Category: Shari'ah Compliant
Date of Inception: 01/07/2006 Price at Inception: 1
Classification: Growth Minimum Initial subscription: 2,000
Additional Subscription: 500 Portfolio Type: Open Ended
Listing/Registration: Kingdom of Saudi Arabia Risk: High
Subscription deadline: - Redemption deadline: -
Valuation Date: Weekly Announced on: Saturday
Fund Assets: 1,491,000,000 Fund Benchmark: Islamic institutions .

Fund Objective:
The fund seeks to achieve capital increase in the long term through investing in various equities issued by Banks and other Islamic financial institutions in the world, in which the investment is considered a vast and promising ground as these institutions are growing rapidly and actively in various industries such as banking, finance and investment. Therefore, promising high returns will be in line with the growth of these institutions.

Investment Policy:
A unique investment option from Albilad Bank to invest in a vital economic sector growing steadily and managed in a way that provides investors with diversified risks in all invested equities. The Fund invests in Banks and Islamic financial institutions in compliance with Sharia guidelines.

Fund's Benefits:
The Bank and Islamic Financial institution Funds "Amwal" provides a number of benefits, some of which are: Compliance to Sharia guidelines in all investment decision. Efficient long term investment by employing powerful strategies focusing on investments in Sharia compliant blue chip Banks and Islamic financial institutions. The fund is managed by a specialized technical team using modern scientific methods. Achieves good returns, therefore saves your search efforts for ideal investment opportunities. Easy to subscribe to the fund and is redeemable through all of the bank's branches. Easy liquidation of the fund offering a quick financial liquidity and easy to redeem units, partially or totally.


Geographic diversification
Saudi Arabia 59.7%
Cash 24.2%
Qatar 10.5%
Kuwait 4.5%
United Arab Emirates 1.1%

Major Investments
Al Rajhi Bank
Alinma Bank
Qatar Islamic Bank
Qatar International Islamic Bank
Aviation Lease and Finance Co.

 

Administrator: ALBILAD Investment

Fund Manager's Contact Information:
City: Riyadh Website: www.albiladinvest.com
Address: AlWorod district , King Abdullah Ro Email: [email protected]
P.O. Box: 140 Telex: -
Postal Code: 11411 Telephone: 0096612039888
Fax: 0096612039899 Mobile: -
Note: All funds facts are updated continuously, however, it's strongly recommended to revert to the respective fund manager for the latest information before making any investment decision.

Mutual Funds (Funds managed under ALBILAD Investment )

Fund Name Category Sub Category Last Unit Price Valuation Date One year change
Ithmar Sharia Compliant Saudi Equity Fund Stock Local Shari'ah Compliant 1.12 13/08/2017 1.52%
GCC Ithmar Fund Stock ARAB Shari'ah Compliant 0.79 13/08/2017 9.02%
GCC Real-Estate Equity Fund (Aqaar) Stock ARAB Shari'ah Compliant 0.65 13/08/2017 -4.97%
Kuwaiti Equity Fund (Alseef) Stock ARAB Shari'ah Compliant 0.43 13/08/2017 23.72%
GCC Banks & Financial Institutions Equity Fund (Amwal) Stock Intl Shari'ah Compliant 0.68 13/08/2017 1.8%
Saudi Pure Equity Fund (Asayel) Stock Local Shari'ah Compliant 0.48 13/08/2017 N/A
Al-Murabih SAR Murabaha Fund Trade Finance Local Shari'ah Compliant 1.22 15/08/2017 2.24%
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