Mashreq Al Islami, the Islamic banking division of UAE-based Mashreq, has unveiled a new Sharia compliant Islamic equity fund.
The new Al Islami Arab Tigers Fund will invest in a diversified portfolio of growth and dividend stocks in the MENA region.
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The new fund has been designed to invest in listed equities of companies that comply with Sharia values.
Mashreq Al Islami said that the investing in the MENA equity markets will offer significant opportunities for investors due to the strength and potential for growth in the region.
Reda Gomma, Mashreq fund manager said: "Our investment approach is bottom – up, focusing on the companies with solid and sustainable profitability. Al Islami Arab Tigers is a well regulated fund and is a good opportunity for investors to benefit from growing economies in the Middle East."
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