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GCC Equity Fund
Dubai Islamic Bank recently introduced the GCC Equity Fund, established with the aim of investing in Sharia compliant securities across the 6 GCC countries. Seeking long-term capital appreciation by investing exclusively in the GCC stock markets, this fund creates excellent financial opportunities for individual and institutional investors. To qualify, all you need is to have an account with Dubai Islamic Bank and we take care of the rest.
Product Features
Investment Universe: Equity securities listed on the stock markets of the GCC countries.
Initial Subscription Period: Initial subscriptions were received from November 12 to December 26, 2005.
Initial Lock- up Period: Units non-redeemable for a period of 6 months from the closing date.
Further Subscriptions: Can be made on a monthly basis at the prevailing Net Asset Value.
Redemption: Permitted on a monthly basis after completion of lock- up period (subject to an exit fee if units are held for less than 12 months).
Investment Details
Unit Size: USD 10
Minimum Initial Investment: Individuals: 250 units, Institutions: 25,000 units.
Base Currency: US Dollars
Investment Managers
Fund Manager: Dubai Islamic Bank PJSC.
Investment Manager: Securities & Investment Co. BSC (c).
Sharia Advisor: Dubai Islamic Bank PJSC.
Indicative NAV: