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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
MENA FUNDSDIRECTORY 2012
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
funds@zawya.com
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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: S.Carriere@qfc.com.qaTel: +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
MENA FUNDSDIRECTORY 2012
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
18
19
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Egypt Balanced Funds
MENA FUNDSDIRECTORY 2012
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Balanced
Egypt
October-2010
EGP 10,000
In multiples of EGP 100 thereafter
Open to all investors
To achieve capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Egypt Balanced Funds
MENA FUNDSDIRECTORY 2012
Fund Manager: Blominvest BankAT - Asset Management
BLOM Pyramids Balanced Fund
Balanced
Lebanon
June-2010
1 unit
In its multiples thereafter
Open to all investors
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.
For more information please visit our platform on www.zawya.com/funds
Zawya Code BLMPYRA.MF
Egypt
USD
NO
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Balanced
Egypt
March-2008
5 units
In multiples of 1 unit thereafter
Principle Bank for Development and Agricultural Credit
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Egypt Balanced Funds
MENA FUNDSDIRECTORY 2012
Fund Manager: El Ahly Fund ManagementAT - Asset Management
Bashaer Fund
Balanced
Egypt
February-2008
10 units
In its multiples thereafter
Open to all investors
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.
For more information please visit our platform on www.zawya.com/funds
Zawya Code AHLBAIF.MF
Egypt
EGP
YES
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Balanced
Egypt
September-1994
1 unit
In its multiples thereafter
National Bank of Egypt
Open to all investors
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
Fund Manager: El Ahly Fund ManagementAT - Asset Management
National Bank of Egypt Fund I
22
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Egypt Balanced Funds
MENA FUNDSDIRECTORY 2012
Fund Manager: El Ahly Fund ManagementAT - Asset Management
National Bank of Egypt Fund II
Balanced
Egypt
October-1995
5 units
In its multiples thereafter
National Bank of Egypt
Open to all investors
To achieve capital growth along with reducing related risk
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.
For more information please visit our platform on www.zawya.com/funds
Zawya Code AHLNBE2.MF
Egypt
EGP
NO
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Balanced
Egypt
May-2007
1 unit
In its multiples thereafter
National Bank of Egypt
Open to all investors
To achieve capital growth along with reducing related risk
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.
Zawya Code AHLNBE5.MF
Egypt
EGP
NO
Fund Manager: El Ahly Fund Management
National Bank of Egypt Fund V
23
Egypt
EGP
NO
Egypt
EGP
NO
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Egypt Balanced Funds
MENA FUNDSDIRECTORY 2012
Fund Manager: HC Securities and Investment
Credit Agricole Egypt Fund IV
Balanced
Egypt
July-2011
10 units
In its multiples thereafter
Open to all investors
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.
For more information please visit our platform on www.zawya.com/funds
Zawya Code HCSCAFF.MF
Egypt
EGP
NO
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Balanced
Egypt
June-1996
1 unit
In its multiples thereafter
Société Arabe Internationale de Banque
Open to all investors
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
24
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Egypt Balanced Funds
MENA FUNDSDIRECTORY 2012
Fund Manager: Prime Investments Asset Management - Asset Management
Société Arabe Internationale de Banque II
Balanced
Egypt
September-1997
5 units
In its multiples thereafter
Société Arabe Internationale de Banque
Open to all investors
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.
For more information please visit our platform on www.zawya.com/funds
Zawya Code PRISAB2.MF
Egypt
EGP
NO
Jordan Balanced Funds
MENA FUNDSDIRECTORY 2012
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Blominvest Bank
BLOM Petra Balanced Fund (USD Share)
Balanced
Lebanon
August-2008
1 unit
In its multiples thereafter
Open to all investors
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Balanced
Jordan
September-2001
JOD 500
In multiples of 1 unit thereafter
Société Arabe Internationale de Banque
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Kuwait Balanced Funds
MENA FUNDSDIRECTORY 2012
Fund Manager: Bayan Investment Company- Asset Management
Ea’mmar and Estethmar Fund
Balanced
Kuwait
December-2004
1,000 units
In its multiples thereafter
Open to all investors
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
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Capital Bank of Jordan Asset Management
Horizon Fund
Balanced
Jordan
March-2005
10 units
In multiples of 1 unit thereafter
Open to all investors
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Blominvest Bank- Asset Management
BLOM Cedars Balanced Fund (Tranche A)
Balanced
Lebanon
January-2008
1 unit
In its multiples thereafter
Open to all investors
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
MENA FUNDSDIRECTORY 2012
27
MENA
JOD
NO
Lebanon
USD
NO
MENA Balanced Funds
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
To achieve long term capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
In multiples of USD 5,000 thereafter
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Royal Capital PJSCAsset Management
Royal Capital MENA Multi-Market Strategy Fund
Balanced
Bahrain
January-2011
USD 250,000
In multiples of USD 100,000 thereafter
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Jordan Investment Trust Asset Management
First Trust Fund
Balanced
Jordan
June-2000
10 units
In its multiples thereafter
Open to all investors
To achieve medium to long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
Open to all investors
To achieve long term capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
Open to all investors
To achieve medium to long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Riyad CapitalAsset Management
Islamic Balanced Income Fund
Balanced
Saudi Arabia
March-2005
SAR 5,000
In multiples of SAR 1,000 thereafter
Open to all investors
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
32
33
Egypt Capital Guaranteed
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: EFG-Hermes Holdingsset Management
Al Watany Bank of Egypt Fund
Capital Guaranteed
Egypt
August-2006
10 units
In multiples of 1 unit thereafter
Al Watany Bank of Egypt
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Cairo Funds ManagementAsset Management
Banque Misr Capital Guaranteed Fund
Capital Guaranteed
Egypt
October-2003
1 unit
In its multiples thereafter
Open to all investors
To achieve capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
Open to all investors
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
36
37
Egypt Capital Protected
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
In multiples of 1 unit thereafter
Open to qualified investors (Please refer to the prospectus)
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: CI Asset Managementsset Management
Commercial International Bank Fund IV
Capital Protected
Egypt
September-2010
50 units
In multiples of 1 unit thereafter
Open to all investors
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
MENA FUNDSDIRECTORY 2012
38
Saudi Arabia Capital Protected
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Alinma Investment Companyet Management
Alinma Saudi Riyal Liquidity Fund
Capital Protected
Saudi Arabia
January-2011
SAR 5,000
In multiples of SAR 1,000 thereafter
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
In multiples of 1 unit thereafter
Open to qualified investors (Please refer to the prospectus)
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
40
41
Asia Equity
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
To achieve long term capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Samba Capitalsset Management
Samba Capital Asian Equity Fund
Equity
Saudi Arabia
September-2011
USD 2,000
In multiples of USD 1,000 thereafter
Open to all investors
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
MENA FUNDSDIRECTORY 2012
42
Asia Pacific Equity
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: NCB Capitalet Management
AlAhli Asia Pacific Trading Equity Fund
Equity
Saudi Arabia
May-2000
USD 2,000
In multiples of USD 1,000 thereafter
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
In multiples of USD 1,000 thereafter
Open to all investors provided that they open an account with HSBC Saudi Arabia
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Saudi Fransi Capitalset Management
Al Naqaa Asia Growth Fund
Equity
Saudi Arabia
December-2005
USD 1,000
In multiples of USD 500 thereafter
Open to all investors
To achieve medium to long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
This is a blank page
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Shakeel Sarwar
Head of Asset Management
1331, Manama, Kingdom of Bahrain
+ 973 1 751 5000 Ext 5007
shakeel.sarwar@sicobahrain.com
www.sicobahrain.com
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Equity
Bahrain
May-1998
1,000 units
In its multiples thereafter
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
Website
SICO Selected SecuritiesFund Manager: Securities & Investment CompanyAT - Asset
48
China; India Equity
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
In multiples of USD 1,000 thereafter
Open to all investors provided that they open an account with HSBC Saudi Arabia
To achieve medium to long term capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Al Rajhi Capitalsset Management
Al Rajhi India China Equity Fund
Equity
Saudi Arabia
May-2006
USD 2,000
In multiples of USD 1,000 thereafter
Open to all investors
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Amwal for Financial InvestmentsManagement
Pioneers Fund I
Equity
Egypt
June-2010
5 units
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 Egyptian equities. The fund may also invest in other mutual funds, bonds and Sukuks.
Zawya Code AFIPNF1.MF
Egypt
EGP
NO
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Acumen Asset Managementsset Management
Misr Al Khair Fund
Equity
Egypt
March-2010
100 units
In multiples of 1 unit thereafter
Open to all investors
To achieve capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Beltone Asset Managementanagement
Beltone Equity Fund
Equity
Egypt
September-2010
500 units
In multiples of 1 unit thereafter
Open to all investors
To achieve long term capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Arab African Investment Managementsset Management
Arab African International Bank Investment Fund
Equity
Egypt
February-1998
5 units
In its multiples thereafter
Open to all investors
To achieve capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Cairo Funds ManagementManagement
Arab Investment Bank Fund II
Equity
Egypt
May-2011
1 unit
In its multiples thereafter
Open to all investors
To achieve long term capital growth
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: Beltone Asset Management et Management
Suez Canal Bank Equity Fund 2
Equity
Egypt
September-2008
EGP 10
In multiples of 1 unit thereafter
Suez Canal Bank
Open to all investors
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: CI Asset Managementanagement
CIB and Faisal Islamic Bank of Egypt Fund
Equity
Egypt
October-2006
50 units
In multiples of 1 unit thereafter
Open to all investors
To achieve capital growth
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: CI Asset Managementsset Management
Commercial International Bank Fund II
Equity
Egypt
March-2006
10 units
In multiples of 1 unit thereafter
Commercial International Bank (Egypt)
Open to all investors
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: EFG-Hermes Holdinganagement
EFG-Hermes Egypt Fund
Equity
Bermuda
August-1996
USD 10,000
In multiples of USD 1,000 thereafter
Open to all investors
To achieve long term capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: Delta Rasmala Asset Managementet Management
ABC First Equity Fund
Equity
Egypt
August-2008
5 units
In multiples of 1 unit thereafter
Arab Banking Corporation Egypt
Open to all investors
To achieve capital growth
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: EFG-Hermes Holdingnagement
Credit Agricole Egypt Fund II
Equity
Egypt
April-1997
5 units
In its multiples thereafter
Credit Agricole Bank
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: EFG-Hermes Holdingsset Management
EFG - Hermes Al Baraka Bank Egypt Fund
Equity
Egypt
June-2006
10 units
In its multiples thereafter
Egyptian Saudi Finance Bank
Open to all investors
To achieve capital growth
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: EFG-Hermes Holdingnagement
Credit Agricole Egypt Fund I
Equity
Egypt
October-1994
10 units
In its multiples thereafter
Credit Agricole Bank
Open to all investors
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 EFGCRE1.MF
Egypt
EGP
NO
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
Open to all investors
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: EFG-Hermes Holdingagement
Banque Du Caire Fund I
Equity
Egypt
November-1995
5 units
In its multiples thereafter
Banque du Caire
Open to all investors
To achieve long term capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: EFG-Hermes Holdingsset Management
Faisal Islamic Bank of Egypt Fund
Equity
Egypt
December-2004
10 units
In its multiples thereafter
Faisal Islamic Bank of Egypt
Open to all investors
To achieve capital growth
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: EFG-Hermes Holdingnagement
Egyptian Gulf Bank Fund
Equity
Egypt
May-1997
10 units
In its multiples thereafter
Egyptian Gulf Bank
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: EFG-Hermes Holdinget Management
Bank of Alexandria Fund I
Equity
Egypt
November-1994
10 units
In its multiples thereafter
Bank of Alexandria
Open to all investors
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: HC Securities and Investmentagement
Suez Canal Bank Fund
Equity
Egypt
December-1996
1 unit
In its multiples thereafter
Suez Canal Bank
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Global Investment Housesset Management
Global Egypt Fund
Equity
Bahrain
May-2008
USD 100,000
In multiples of USD 5,000 thereafter
Open to all investors
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: HC Securities and Investmentagement
Banque Misr Fund III
Equity
Egypt
December-1997
1 unit
In its multiples thereafter
Banque Misr
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: HC Securities and Investmentet Management
Misr Iran Development Bank Fund I
Equity
Egypt
June-1998
10 units
In its multiples thereafter
Misr Iran Development Bank
Open to all investors
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: HC Securities and Investmentagement
National Bank of Egypt Fund III
Equity
Egypt
August-2005
5 units
In its multiples thereafter
National Bank of Egypt
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: HC Securities and Investmentset Management
Banque Misr IV Fund
Equity
Egypt
October-2006
10 units
In its multiples thereafter
Banque Misr
Open to all investors
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: HC Securities and Investmentagement
Misr Al Mostakbal Investment Fund
Equity
Egypt
July-2011
1 unit
In its multiples thereafter
Open to all investors
To achieve capital growth
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
In its multiples thereafter
Export Development Bank of Egypt
Open to all investors
To achieve capital growth
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: NBK Capital Asset Management Egyptgement
Al Hayah Fund
Equity
Egypt
November-2010
500 units
In multiples of 1 unit thereafter
Open to all investors
To achieve capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: HC Securities and Investmentset Management
National Société Générale Bank Fund III
Equity
Egypt
July-2011
1 unit
In its multiples thereafter
Open to all investors
To achieve capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: Phoenix Kato Asset Managementgement
Piraeus Bank Egypt Equity Fund
Equity
Egypt
April-2008
5 units
In multiples of 1 unit thereafter
Piraeus Bank Egypt
Open to all investors
To achieve capital growth
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Pharos Asset Managementt Management
Pharos Fund I
Equity
Egypt
July-2009
5 units
In multiples of 1 unit thereafter
Open to all investors
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Prime Investments Asset Managementement
Sanabel Fund
Equity
Egypt
February-2007
1 unit
In its multiples thereafter
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Prime Investments Asset Managementet Management
Arab Misr Insurance Group Fund
Equity
Egypt
June-1995
1 unit
In its multiples thereafter
Open to all investors
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: Prime Investments Asset Managementgement
BLOM Bank Egypt Fund
Equity
Egypt
July-2009
5 units
In multiples of 1 unit thereafter
BLOM Bank Egypt
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Sponsor
Eligibility
Objective
Investment Strategy
Fund Manager: Prime Investments Asset ManagementManagement
Al Tameer Fund
Equity
Egypt
June-2008
1 unit
In its multiples thereafter
Housing and Development Bank
Open to all investors
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: NCB Capitalment
AlAhli Emerging Markets Trading Equity Fund
Equity
Saudi Arabia
October-2006
USD 2,000
In multiples of USD 1,000 thereafter
Open to all investors
To achieve long term capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
In multiples of USD 2,500 thereafter
Open to all investors provided that they open an account with HSBC Saudi Arabia
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
In multiples of USD 500 thereafter
Open to all investors
To achieve medium to long term capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Riyad Capitalet Management
Future Equity Fund
Equity
Saudi Arabia
June-2006
USD 2,500
In multiples of USD 1,000 thereafter
Open to all investors
To achieve capital appreciation
The fund’s assets will be invested mainly in international equities.
Zawya Code RYDFEQF.MF
Emerging Markets
USD
NO
68
Europe Equity
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: ANB Investment
Al Arabi European Equity Fund
Equity
Saudi Arabia
August-2001
USD 2,000
In multiples of USD 500 thereafter
Open to Saudi citizens and residents
To achieve long term capital appreciation
The fund’s assets will be invested mainly in a diversified portfolio of European equities.
Zawya Code ANBAAEE.MF
Europe
USD
NO
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Aljazira Capitalet Management
Al Thoraya European Equity Fund
Equity
Saudi Arabia
September-1999
USD 2,000
In multiples of USD 500 thereafter
Open to all investors provided that they open an account with Bank Al Jazira
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: NCB Capital
AlAhli Europe Trading Equity Fund
Equity
Saudi Arabia
November-1994
USD 2,000
In multiples of USD 1,000 thereafter
Open to all investors
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
In multiples of USD 1,000 thereafter
Open to all investors provided that they open an account with HSBC Saudi Arabia
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Samba Capitalent
Samba Capital Europe Equity Fund
Equity
Saudi Arabia
September-2011
USD 2,000
In multiples of USD 1,000 thereafter
Open to all investors
To achieve long-term capital growth
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
Eligibility
Objective
Investment Strategy
Fund Manager: Riyad Capitalet Management
European Stock Fund
Equity
Saudi Arabia
May-1992
Equivalent to USD 2,500
In multiples of USD 1,000 thereafter
Open to all investors
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
To achieve capital appreciation
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
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
Open to all investors
To achieve long term capital appreciation
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
MENA FUNDSDIRECTORY 2012
For more information please visit our platform on www.zawya.com/funds
Asset Type GEO Coverage
Domicile Currency
Inception Date Shariah Compliant
Min Subscription
Min Subscription Notes
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
To achieve medium to long term capital appreciation
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
Asset Type GE
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