The Fund aims to invest in a portfolio of MENA equities and/or equity related securities (such as convertible bonds, ADRs and GDRs) based on Islamic Shariah principles listed or traded on recognized exchanges worldwide or over the counter arrangement, and other related securities including third party collective investment schemes, with a view to achieving capital growth.
FAB Islamic MENA Growth Fund
Latest Price NAV
USD
6.66
as of
12/Sep/23
Objective
Key Facts
Launch Date :
5/Jan/05
Asset Type :
EquityBase Currency :
UAE DirhamTotal Net Asset (USD M) :
28.61
Benchmark :
Index is not available on Lipper Database
Dividend Type :
N.A
Income Distribution :
Retained
Total Expense Ratio % :
N.A
Geographical Focus :
MENA
Shariah Compliant
Shariah
Performance
3 Yrs Performance
19.38
5 Yrs Performance
11.07
10 Yrs Performance
0.04
Top Holdings
1.
Al Rajhi Bank
16.16
%
2.
Alinma Bank
6.61
%
3.
Saudi Telecom Co
6.56
%
4.
Saudi Arabian Oil Co
5.26
%
5.
Abu Dhabi Islamic Bank
5.03
%
Portfolio Composition
1.
Saudi Arabia
58.02
%
2.
United Arab Emirates
34.66
%
3.
Cash
6.36
%
4.
Kuwait
0.96
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
1.5
Initial Charges
Minimum Charge :
N.A
Maximum Charge :
5
Actual Charge :
N.A
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
N.A
Contact
Company Name:
First Abu Dhabi
Website :
www.bankfortheuae.com