In its continuing effort to create innovative Shari ‘a compliant financial solutions, Emirates Islamic Bank’s Asset Management Unit launched the Emirates MENA Opportunities Fund.
The Emirates MENA Opportunities Fund is a Shari’a compliant investment fund that aims to achieve long-term capital growth through investments in a range of growth orientated assets, including equities and real estate. Simultaneously, the Fund has a strong focus on capital protection and will therefore be able to invest in Murabaha, fixed deposits, Sukuk, international trade and finance and other investment opportunities.
Customers would be appointed a dedicated and highly experienced fund manager who will be in charge of identifying favorable assets or, in cases of high market volatility, suggesting Shari’a compliant equities and real estate investment opportunities with money market instruments, Sukuk and other Shari’a compliant assets, on a tactical basis.
Faisal Aqil, GM Retail Banking at Emirates Islamic Bank commented saying: “This fund is ideal for investors looking for capital growth in a range of holdings within the MENA region with adequate diversification to limit short-term volatility.” He added: “This diversification is a key element in risk reduction and this will appeal to the majority of investors.”
Faisal concluded: “It is common knowledge that this region is currently enjoying and benefiting from an economic upturn. The real estate sector in particular is extremely active and attracts investors from all over the world. The MENA Opportunities Fund will help investors within and outside the region take advantage of the present economic climate, with sound, reliable, professionally managed investment options.”
The initial minimum investment is $25,000, while subsequent investments can be made with a minimum of $5,000.
Issued on behalf of Emirates Islamic Bank by Tamra C2. For further information please contact Suzan Kazzi on Tel. (9714) 2951177; Fax: (9714) 2951188; e-mail: suzan@tamra-c2.com
Emirates Islamic Bank opened its doors in October 2004 with a mission to provide consumers in the UAE with effective and innovative Shari’a-compliant financial solutions and total peace of mind. EIB is headquartered in Dubai offering retail, corporate and investment services throughout the UAE. The bank is driven by a vision to be the leading Islamic bank in the country and to consistently develop new solutions to meet the ever-evolving needs of all its customers
