The Arab Islamic Gateway Fund was launched in October 2006 and has returned over 47% during 2007.
The investment objective of the Arab Islamic Gateway Fund is to achieve capital appreciation primarily through investments in equities listed on Arab Stock Markets as per the Shariah principles interpreted by the Shariah Advisors of the fund: London-based Dar al Istithmar.
The Arab Islamic Gateway Fund is open to all GCC, regional and international institutional investors.
Mr. Haissam Arabi, Managing Director of SHUAA Asset Management said:
"We are honored that the Arab Islamic Gateway Fund was awarded Best MENA Equity Fund 2007. Our leadership and regional expertise in conventional funds such as the Arab, Emirates, and Saudi Gateway Funds have been underscored by this Islamic fund award. The recognition shows that our successful investment strategy has also been translated into exceptional performance with our Shariah compliant fund - the Arab Islamic Gateway Fund".
SHUAA Asset Management manages both Conventional and Shariah compliant portfolios and investment funds using both active and passive management styles.
SHUAA Asset Management's unrivalled track record and expertise in managing regional assets enables it to offer tailor made solutions to regional and international investors. SHUAA Asset Management's currently has more than Dhs4.4bn ($1.2bn) in assets under management.
Mr. Arabi concluded: "The expertise of SHUAA Asset Management's team, which consists of 35 professionals, our successful track record in the GCC and Arab World, and a steadfast investment process have been and will continue to be the key drivers of our fund's performance as well as the discretionary portfolios where we act as advisors".
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