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Al-Thoraiya Fund is an open-ended fund, enabling investors to capitalize on the European stock markets and the expertise offered by AlJazira Capital. Fund's activities are all in agreement with Shariah principles, and imparting the benefits of a far-reaching experience that is enjoyed by our professionals.
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| How the Fund is managed |
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Investment diversification is the prime factor in risk management. To do that, a unique strategy and professional resolve is undertaken by the fund's manager to assess the positive and negative market states. By strictly observing the fund’s strategy, the fund manager select the most appropriate assets that will be exchanged.
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| Aim of the fund |
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The aim of the fund is to capitalize on the appreciation of the equity markets over the long term and to benefit from a cross-Europe diversification, and this is achieved through investing fund's assets in blue-chip and growth stocks over deferent European markets.
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Strategy of the Fund
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The fund’s strategy focuses on the following:
- Capitalizing on the growth of the European equities and to outperforming the Dow Jones Islamic Europe Index.
- The choice of stocks that are selected as part of the fund’s portfolio must comply with Shariah principles.
- Effective managing of cash surplus in profit making activities.
- The American dollar is the currency for the fund.
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| Benefits of the Fund: |
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- The opportunity and the benefits of investing in European markets.
- The opportunity to benefit from the expertise of professionals with a far-reaching, specialized and international experience.
- Supervision of the fund’s activities by the fund Shariah committee.
- The prospect of subscription set at a lower limit – that of US$2,000.
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| Fees |
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The fund pays the following fees to the fund management as wages in return for the services that it offers:
- Subscription fees: 2% of total subscription amount.
- Management fees: 1.50% yearly on the basic net stock value of the fund’s shares.
- Administration & Custody fees: 0.33% yearly on the basic net stock value of the fund’s shares.
- Performance fees: 20% of the difference between the fund's performance and the benchmark in case of positive outperforming. (Please refer to the terms & conditions for more details)
- The fund bears all other costs associated with regulations, marketing and management
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| Notice: |
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As described in the terms and conditions in the agreement, Fund is designed for investors who have knowledge and expertise of the stock market. Investors should understand that analyzing the returns of previous years is an indicator of how the fund might perform. However, this does not mean that previous returns are a guarantee of any future achievements. The fund’s share prices can either increase or a decrease, and there are no guarantees for any return on capital. We also wish to draw the investors’ attention to the risks mentioned in the terms and conditions of the fund’s agreement.
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| General Information |
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All our details are written in our Terms and Conditions booklet, which must be read carefully and thoroughly by any investor.
Al-Thoraiya Terms and Conditions
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