Gulf Islamic Fund
The drop in NAV value is due mosttly to the half-yearly semi-annual 5% of par cash dividend that has been discontinued on 2nd July 2009 NAV. (i.e. the previous NAV was of $6.5286 and the cash dividend account for $0.5 of the decline in NAV, whereas decline in market value of current asset only dropped by $0.0217 per unit).
Investment Objective:
Capital appreciation achieved through investments in securities listed or to be listed in te GCC Equity Markets (Stock Exchanges) directly, through sub-funds and/or Sub Managers, taking into consideration the Islamic Sharia's procedures.
Investment Programs:
• To be carried our by the Investment Manager
and third party funds if appropriate.
• Top-down and bottoms up approach relying
on research based fundamentals.
Investment Opportunities:
• Portfolio diversification within Sharia's
provisions through regional allocation.
• Value added through country and sector.
Explore Our Investments
| FUNDS' PERFORMANCE | ||
| Gulf Bond Fund | ||
| Date | : | 10 May 2013 |
| NAV per Share | : | US$ 14.1168 |
| Total Assets | : | US$ 174 million |
| GIC KD Bond Fund | ||
| Date | : | 09 May 2013 |
| NAV per Share | : | KWD 1.0210 |
| Total Assets | : | KWD 6 million |