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Oasis innovates to offer a low risk, high yield Islamic income fund
- United Arab Emirates: Wednesday, January 23 - 2008 at 09:56
- PRESS RELEASE
Shari'ah compliant investors in the Middle East can look forward to an innovative financial instrument that offers very attractive returns at minimum risk.
"The Fund will invest in a global universe of Middle Eastern, European, US and Asian, short-term and long-term income generating instruments and securities listed on international exchanges and with highly rated financial institutions. Our focus will be on high quality, rated instruments and securities that will include sovereign and corporate issues," said Hassan Motala, Senior Executive Officer of Oasis Crescent Capital (DIFC) Limited.
In the context of a dearth of savings and retirement schemes that can offset the impact of high inflation on professionals living and working in the Middle East, the Oasis Crescent Global Income Fund is aimed at offering them an attractive and low risk new investment opportunity. Oasis offers a low-volatility product range across asset classes, incorporating equities, property and now income funds," Motala explained.
Oasis's strategy is to rely on innovation as this will help boost growth and competitiveness in the Islamic finance industry. Traditionally, Shari'ah compliant investors have been offered products that may not have met all their needs and requirements. "The Oasis Group's low volatility investment style focuses on providing real returns to clients over the long term," he added.
With Oasis' global reach, and its track record of experience and expertise, Motala assured investors that they can expect award-winning and innovative Islamic products and services. As an example,
the Shari'ah-compliant Oasis Crescent Global Equity Fund continues to offer investors industry-leading returns and has been the top performing Islamic global equity fund since inception.
In recognition of its ability to provide consistent returns that are not susceptible to significant market volatility and its emphasis on managing the downside risk in line with its investment philosophy of generating superior returns at lower than market risk, the Oasis has been presented with an award for Best Islamic (Equity) Global Fund 2006 at the first Master of Islamic Funds Awards at the Islamic Funds World 2007 conference held in Dubai.
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Notes and media contacts
Oasis Crescent Global Income FundThe objective of the Oasis Crescent Global Income Fund is primarily to seek to generate a competitive income yield in US dollars, whereas capital appreciation will be incidental.
The Fund will invest in a universe of long-term and short-term income generating instruments and securities, which are listed on international exchanges or alternatively, rated by leading financial institutions. The focus will be to invest in high quality and rated instruments or securities which may include sovereign and corporate issues.
The fund will be managed in accordance with Shari'ah principles based on the guidelines of the Oasis Shari'ah Supervisory Board.
The base currency will be US dollars with a minimum initial subscription amount of US$ 5,000 and a minimum additional subscription amount of US$ 1,000. The minimum holding will be US$ 2,500. The minimum debit order will be US$ 500, which will be the minimum monthly amount,that an investor can authorise the Operator to deduct directly from his bank account .Dividend distributions are made quarterly.
In terms of pricing, the NAV per share will be computed on a daily basis in US dollars. The Fund, however, may be invested in a wide range of securities and currencies. Currency movement may affect the performance of the fund as it is not the intention to hedge against the consequence of currency risk exposure.
For enquiries, please contact:
Wadad Tabbara
TRACCS Public Relations
Tel: +971 (4) 3672530
Mob: +971 50 749 8747
Fax: +971 (4) 3672531
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