The fund seeks to develop capital by investing in securities in accordance with Islamic Sharia provisions of companies listed in the Kuwait Stock Exchange, and the capital markets of the Gulf Cooperation Council States to generate competitive returns at an acceptable level of risk. The fund manager is also entitled to invest in instruments issued or guaranteed by the Governments of the Gulf Cooperation Council States at the time of investment and/or other security funds, debt instruments, or other funds or cash markets that are Sharia compliant. The fund aims to distribute yearly dividends in compliance with profit.
Wafra GCC Islamic Fund
Latest Price NAV
USD
8.87
as of
31/Jul/23
Objective
Performance
3 Yrs Performance
-1.83
5 Yrs Performance
-2.15
10 Yrs Performance
0.78
Top Holdings
1.
RJHI
18.64
%
2.
SABIC
5.8
%
3.
STC
5.56
%
4.
ARAMCO
5.43
%
5.
ALIMNA
5.15
%
Portfolio Composition
1.
Saudi Arabia
62.31
%
2.
United Arab Emirates
17.55
%
3.
Kuwait
8.75
%
4.
Qatar
6
%
5.
Cash and Equivalents
5.39
%
Transaction Information
Annual Charges
Minimum Charge :
1
Maximum Charge:
2
Initial Charges
Minimum Charge :
1
Maximum Charge :
2
Actual Charge :
N.A
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
0.5
Contact
Company Name:
Wafra
Website :
www.wafra-kuwait.com