An Exclusive Islamic Investment Opportunity

INTRODUCTION:
Al Samaha Islamic Fund is an open ended Investment Fund established by the Bank and licensed by the UAE Central Bank. The Fund’s primary objective is to achieve long term capital appreciation by investing as per the tenets and guidance provided by Islamic Shariah. The Fund aims to achieve this objective by investing in Shariah compliant equity securities in GCC, MENA, Emerging markets with a specific focus on UAE.

KEY HIGHLIGHTS OF THE FUND

TARGET MARKETS: Focused investment in Shariah compliant companies in the UAE, GCC, MENA & other Emerging Markets including sukuk, private placements, IPO & pre-IPO investment opportunities.
 
CURRENCY: UAE Dirhams

ENTRY: Weekly with a minimum investment of AED 10,000 with multiples of AED 1,000 thereafter.

EXIT: Weekly redemption scheme

LAUNCH: May 18th, 2008 with an initial subscription period till June 11th, 2008, during which the units of the fund are priced at their par value of AED 10 per unit.

FEES:
Subscription Fee:     2%
Administration Fee upon Redemption: 2% if redeemed within the first twelve (12) months, 1% if redeemed between twelve (12) and twenty four (24) months, and nil thereafter.
Performance Fee: 10% of the excess over a hurdle rate of 10% per anum.

TARGET INVESTORS: The fund is open to all nationalities and is designed for those highly esteemed investors who conforms to the principles and guidance provided by the Islamic Shariah for their investments.