Investment
Highlights
|
Fund's Name |
Al-Nukhba
Asia Equity Fund |
|
Fund's
Currency |
US Dollar |
|
Place of
Registration |
Luxembourg |
|
Benchmark |
FTSE
Pacific Basin Islamic Index |
|
Investment
Universe |
The
Fund invests in the stocks of Asian Pacific markets. |
|
Type
of Fund |
Open-End
Equity Fund |
|
Valuation
Day |
Any
day on which banks are open for business in Luxembourg (Except,
for the avoidance of doubt, Saturdays) |
|
Investment
Advisor |
Nomura
Investment Banking (Middle East). |
|
Sharia Board
of the Fund |
Sheikh Abdullah AlManee
Sheikh Dr.Abdul-Sattar
Abu Ghuddah
Dr. Azzuddin Khoja |
|
Reporting |
The
Fund provides the investors with quarterly report and annual audited
annual financial statements. |
Why
Invest in International Markets Through AlTawfeek
Company ?
|
AlTawfeek
is a pioneer in launching
Sharia compliant investment funds, which outperformed international indices.
|
|
AlTawfeek
participated in Structuring & launching Sharia complaint products
in cooperation with renowned international institutions.
|
|
The
Fund's Sharia Board has published many researches and
studies
in the field of Sharia compliant investing in international markets.
|
|
AlTawfeek
launched four funds specialized in international
equities covering most of the international markets.
|
Fund's
Features
|
The
Fund |
Fund
is mutual investment fund organized under the laws of the
Grand-Duchy of Luxembourg |
|
Capital
(Issued) |
US$
50
Million |
|
Date
of launching |
June
23, 1998 |
|
Minimum
Subscription |
US$
10,000 for Individuals
US$ 100,000 for Companies |
|
Minimum Addition |
US$
5,000 |
|
Initial
Share Price |
US$
100 |
|
Investment Advisory fee |
1 % of NAV |
|
Management Fee |
0.1 % of NAV |
|
Minimum
Redemption |
US$
5,000 |
|
Redemption
Fee |
0.5%
of the applicable NAV |
|
