The NBAD Islamic MENA Growth Fund has been named the Best Islamic Fund 2014 by Global Islamic Finance Awards.
NBAD Islamic MENA Growth Fund, was unanimously judged as the Best Islamic Fund by the panel of judges who assessed four contenders for the award in the equity funds category.
The Fund invests in a balanced portfolio of equities based on Islamic Shari’ah principles, with a view to achieve capital growth, primarily in the MENA.
“This award confirms that NBAD remains a market leader in providing investors innovative and quality Shari’ah-compliant products that helps them invest in accordance with Islamic principles,” says Saleem Khokhar, the Head of Equities at NBAD’s Asset Management Group. “NBAD Islamic MENA Growth Fund continues to produce great yield from current market opportunities by tapping into a range of promising prospects.”
NBAD’s award-winning Asset Management Group, designed and manage NBAD Islamic MENA Growth Fund and various other products, which include conventional and Islamic offerings ranging from equity funds and fixed income funds to exchange-traded funds (ETF), structured products, and discretionary portfolios and advisory services.
NBAD’s Asset Management Group manages assets in excess of AED 11.28 billion, making it one of the largest of its kind in the UAE. The Group has won a host of awards over many years in recognition of its innovative and customer-centric products that continue to perform exceptionally. For instance, it was named Asset Manager of the Year by the prestigious Global Investor/ISF at their Middle East Summit and Awards 2013. It has also been named the Best Asset Management House 2013 by the International Takaful Award and Best Exchange Traded Fund of 2013 at the MENA Fund Manager Performance Awards in addition to the Best Sukuk Fund 2013 at the Islamic Business & Finance Award. Moreover, it won the Best GCC Equity Fund 2014.