Sharjah Islamic Bank re-launches Tharwa Islamic Equity Portfolio

The re-launch will increase the portfolio capital and further enhance the overall portfolio performance. Given the positive equity market outlook within the GCC and MENA region over the coming years, SIB believes the re-launch is timely.

Tharwa Islamic Equity Portfolio, Shariáh compliant investment scheme is managed by Shuaa Capital, one of the leading investment banks in the region under the supervision of SIB Shariah supervisory board. The Portfolio is aimed to offer investors access to investment opportunities in equity markets within the UAE, GCC and the Middle Eastern countries.

Since launch, the Portfolio has performed positively and expected to perform well given the positive equity market outlook. Mr. Saeed M. Al-Amiri, Head of Investment Group at SIB, stated that the Tharwa Equity Portfolio is considered one of the best equity investment portfolio's in the region and had withstood well during the equity markets down-turns.

Al Amiri further indicated that the portfolio will enable investor's achieve capital gains by investing in shares of well-known listed companies which are engaged in Shariáh compliant activities.

The portfolio is open for investment by all the nationalities with a minimum of Dhs10,000 for individuals and Dhs100,000 for companies.

Al Amiri also indicated that in line with SIB's strategy to assist investor's further diversify their investments, the bank is planning to introduce number of new investment offerings in the coming few months in various sectors, specifically in real estate and precious metals in collaboration with reputed global institutions.