This Fund caters to investors seeking yielding, Shari’a-compliant investments and is under pinned by Waha Capital’s expertise built over the years with its two other funds both in terms of equities and fixed income.
The Waha Islamic Income fund invests in global sukuks as well as Shari’a-compliant equities. The Fund aims to preserve and appreciate capital while targeting an annual mid-single digit return to be distributed quarterly.
Supported by the full team behind Waha Capital’s successful flagship funds (the CEEMEA Credit Fund and the MENA Equity Fund) as well as a dedicated Senior Portfolio Manager, this actively managed Fund uses both internal macro and micro analysis to identify the best investment opportunities in the Shari’a compliant universe in terms of both capital appreciation and distribution.
Due to this novel approach and Waha Capital’s proven track record in managing Islamic assets, the Fund is already being lauded as a very welcome addition to the Islamic asset management space.
Cumulative Performance vs Index
| Returns | 1 M | 3 M | YTD | 2022 | Annualized | Cumulative |
|---|---|---|---|---|---|---|
| Fund (Gross) | 0.20% | 0.01% | 2.01% | 0.53% | 6.88% | 61.12% |
| Index2 | 1.00% | 1.32% | 2.94% | -7.81% | 0.51% | 3.77% |
| Variance | -0.81% | -1.30% | -0.93% | 8.34% | 6.37% | 57.35% |
Data presented is as of 31 March 2023.
