Noor manages “Noor GCC Islamic Fund” which seeks long-term capital appreciation by investing primarily in Kuwait and GCC equities according to the Islamic Shari'ah.
Noor GCC Islamic Fund is an open -ended mutual fund which was launched back in 2007 as a Shari’ah compliant fund. It invests in promising securities with an active strategy in the regional markets to achieve high risk adjusted returns and provides monthly liquidity to its unit holders.
Inception Date: 2 September 2007
Minimum Investment: KD 1,000
Subscription Fee: A one-time of 2% upon subscription
Redemption Fee: 0.5%
Management Fee: An annual fee of 1.5%
Performance Fee: 15% over 15% during the financial year
Initial Offering Price: KD 1 per unit
Administrator/ Custody: Gulf Custody Company
Reporting: Quarterly performance Reports and semi-annual and annual Statements
Auditors: Qais M. Al-Nisf / BDO Al Nisf and Partners
For further details, please contact:
Tel: + 965-181 8080 / 2464 5722