Mashreq Al-Islami Arab Tigers Fund (MAIATF)

Net Asset Value Per Share

Date Fund NAV Value Percentage change YTD return
18-Apr-17 MAIATF-Class USD 14.4922 -0.95% -0.14%
18-Apr-17 MAIATF-Class AED 7.6118 -1.23% 0.79%

Fund Details

Investment Objective The investment objective of the Portfolio is to seek long term capital appreciation through investments made primarily in Shariah compliant equities listed on the stock exchanges of the Middle East and North Africa region including the countries of Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates (“MENA”). The portfolio will follow the S&P sharia compliant screening methodology which is approved by the fund’s Sharia Supervisory Board.
Benchmark S&P Pan Arab Composite Shariah Index (BB ticker: SPAHPUX Index)
Investment Manager Mashreq Capital (DIFC) Limited
Fund Type Shariah Compliant open ended fund
Domicile Dublin, Ireland
Regulator Central Bank of Ireland
Listing Irish Stock Exchange
Currency USD & AED
Minimum Subscription USD$1,000 or AED5,000
Administrator BNP Paribas Fund Services Dublin Limited
Custodian BNP Paribas Securities Services, Dublin Branch
Auditor Deloitte & Touche
Dealing Day Every business day, unless directors decide otherwise and notify Administrator and shareholders in advance.
Subscription and Redemption A day (except Saturdays, Sundays and public holidays) on which banks in Ireland are open for normal banking business or such other day or days as may be specified
Notice Periods Nil, orders to be received by administrator before 12:30pm (Irish Time) on the relevant day.
Subscription Fee Up to 5%
Redemption Fee Nil
Management Fee 0.75%
Performance Fee 10% of the appreciation of the NAV which exceeds 10% of the high watermark
Bloomberg Ticker USD: MASARTI ID
ISIN USD: IE00B29MW600  
AED: IE00BQ712Q79
AED: BQ712Q7
Lipper Code USD: 65122961 
AED: 68276619
REUTERS ID USD: LP 65122961 
AED: LP68276619