Albilad GCC Equity Income Fund
Shariah Compliant GCC Equity Fund
GCC Ithmar aShariah Compliant GCC Equity fund, Ithmar, is an investment instrument to achieve capital growth over a long-term period and provide periodic income. It is designed to invest in Shariah compliant shares of GCC companies listed in the GCC exchange, the activities of which conform to the rules and controls set by the Sharia Supervisory Board. This fund is distinguished by generating periodic income that targets a maximum annual distributed return of 5% p.a. form the net asset value, while maintaining risk levels within acceptable limits to achieve capital growth over the medium to long term. The distribution of returns will be every six months (semi-annual) end of May and November of every calendar year. The set benchmark is the S&P GCC composite shariah dividend index.
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