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Islamic Finance Briefing - Categorized | Funds, Performance more

GIC’s Gulf Islamic Fund occupies the leading position

Posted on 16 February 2010

From Albawaba.com: The Gulf Islamic Fund, a Shariaa Compliant investment vehicle of Gulf Investment Corporation (GIC), ranked first among Shariaa compliant funds investing in the GCC with a 24.6% return. This result was reported by the Zawya Financial Site and the Kuwait Financial Center (Markaz) on the performance of Gulf funds during 2009.

Commenting on these results, Head of GCC Equities, Talal Al-Tawari said:‚ÄĚThis achievement by Gulf Islamic Fund is particularly important against the backdrop of the ongoing global financial crisis. In addition to the remarkable performance, the fund distributed 5% cash dividend for the first six months of 2009.”…………………………………Full Article: Source

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