يرجى الضغط هنا لقراءة النسخة العربية من البيان الصحفي
Investment House Qatar, announced today that the Al-Beit Al-Mali Fund, managed by Global Investment House (Global), has recorded 5.3% return during the first five months of 2011, outperforming its benchmark by 4.4% and bringing the total returns since inception to 50.4%, a solid 44.3% above its benchmark.
The Al-Beit Al-Mali Fund was launched in September 2006 by Investment House and aims to achieve medium to long-term capital appreciation by investing in Sharia-compliant companies listed on the Qatar Exchange. At the end of May 2011, the Fund’s sector allocation was focused on Financials (35.6%), Services (35.3%) and Industrials (28.8%).
Mr. Mohamed Sherif El-Rafie, General Manager of Investment House, said, “Al-Beit Al-Mali Fund has consistently outperformed its benchmark since its inception in 2006. In 2010, the fund recorded a return of 25.1% and distributed 7% cash dividends to investors.”
He added, “I would like to take this opportunity to thank the Asset Management Team at Global for their achievement during the first five months of 2011. Their commitment to provide value-added products and services is reflected in the Fund’s results.”
Investment House was established in 2001 as a private shareholding company under complete supervision of Qatar Central Bank. The company provides a wide range of Shari’a compliant investment products and services in investment banking, asset management, private equity and structured finance, and focuses on different economic sectors including financial services, real estate and construction, manufacturing and the services sector.
The company’s Sharia board reviews all products and services and provides religious and moral opinion and validation for all financial and operational aspects, in strict compliance with Islamic code and standards.