Al Samaha Islamic

Al Samaha Islamic Fund

The Al Samaha Islamic Fund is an open-ended investment fund focused on achieving long-term capital appreciation by investing in line with Islamic tenets and guidance. It was established by UNB in 2008 and is licensed by the UAE Central Bank.

Target markets

Al Samaha Islamic Fund invests in Shariah compliant equity securities in GCC and MENA emerging markets, with a specific focus on the UAE.

Currency

UAE Dirhams

Liquidity

Weekly

Minimum Investment

Minimum first investment of AED 10,000, with multiples of AED 1,000 thereafter.

Launch Date

June 12th, 2008.

Fees

  • Subscription fee:  2%
  • Management fee: 1.75% per annum.
  • Administration fee upon redemption: 2% if redeemed within the first 12 months, 1% if redeemed between 12 and 24 months, and nil thereafter.
  • Performance fee: 10% of the excess over a hurdle rate of 10% per annum.

Target Investors

This fund is open to all nationalities. We designed it for our highly esteemed investors who conform to the principles and guidance provided by the Islamic Shariah for their investments.

Read full Terms & Conditions.

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