Noor GCC Islamic Fund
Overview
An open-ended mutual fund established in 2007, the Noor GCC Islamic Fund aims to achieve long-term capital appreciation by investing primarily in equities from the Gulf Cooperation Council (GCC) countries, adhering to Islamic Shari'ah guidelines. The fund is managed by Noor Financial Investment Company, a Kuwaiti firm listed on the Kuwait Stock Exchange since 2006, which specializes in investment activities and financial services across Kuwait, the Middle East, Asia, and other emerging markets. The fund's portfolio includes a diverse range of sectors, such as financial services, real estate, telecommunications, energy, consumer goods, healthcare, materials, utilities, industrials, technology, consumer services, basic materials, consumer non-durables, transportation, and media. The fund's investment strategy focuses on growth and late-stage investments, with a minimum investment requirement of KD 1,000. As of June 30, 2025, the fund's net assets were valued at KD 5,523,615, with a net asset value (NAV) per unit of KD 1.206. The fund offers monthly liquidity to its unit holders and charges a one-time subscription fee of 2%, a redemption fee of 0.5%, an annual management fee of 1.5%, and a performance fee of 15% over 15% during the financial year. The fund's administrator and custodian is Gulf Custody Company, and its auditors are Qais M. Al-Nisf / BDO Al Nisf and Partners. The fund's performance is reported quarterly, with semi-annual and annual statements provided to investors. The most recent annual general assembly was held on May 28, 2024, and the next is scheduled for May 14, 2025.
Investment Focus
- Adherence to Islamic Shari'ah principles
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Noor GCC Islamic Fund
What sectors does Noor GCC Islamic Fund invest in?
Noor GCC Islamic Fund invests in Financial Services, Technology, Healthcare, Energy, Consumer Goods and Industrials, and is based in Kuwait, Kuwait. Noor GCC Islamic Fund is listed as a mutual fund in the ConnectSafely investor database.
What stage does Noor GCC Islamic Fund invest at?
Noor GCC Islamic Fund backs companies at Growth and Late Stage.
Which regions does Noor GCC Islamic Fund invest in?
Noor GCC Islamic Fund invests across United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain.
What companies has Noor GCC Islamic Fund invested in?
Noor GCC Islamic Fund's portfolio includes Emaar Properties, Kuwait Finance House, Al-Dar Properties, Al-Rajhi Bank and Emirates Telecom Corporation.
Last updated · Source: ConnectSafely investor database
