IslamicFinance.de

Al Hilal MENA Fund (AHMF); Sharia Compliant, open-ended fund, managed by ahlibank asset management has posted commendable returns of 12 per cent year to date, as on April 30, 2015. Al Hilal MENA Fund is the first and only Sharia Compliant fund sponsored and managed by a bank in Oman. The fund invests across listed equities and sukuks issued and tradable within the GCC region. The current investments represent geographical coverage spanning Oman, Qatar, United Arab Emirates (UAE) and Saudi Arabia. The diversified sector exposure constitutes investments into petrochemicals, fertilizer producers, industrial chemicals, oil and gas exploration, Islamic banking, takaful, real estate, telecom, consumer discretionary and industrial manufacturing.