Investment strategy
Equities up to 90% of NAV. Securities per issuer up to 10% of TA, 15% of Issue. Securities per sector up to 30% of TA. GDRs up to 20% of TA. Foreign Securities up to 50% of TA. Other Islamic Funds upto 10%of TA and 5% of the issue
Fund objective
Investing in accordance with provisions of Islamic Sharia Law, and the decisions and recommendations of the Fund’s permanent Sharia Supervision Committee also maximizing the profits and minimizing risk through A portion not exceeding 50% of the Funds assets could be invested in foreign investments in stock markets that are subjected to governmental supervisory authority similar to the Capital Market Authority, and should be in conformity with the decisions and recommendations of the Fund’s Permanent Sharia Supervision Committee