| The Daman Islamic Fund, a Shari'ah principle-based, UAE-registered open-ended mutual fund, continues to beat its benchmark, the NBAD Islamic Index, by a wide margin as of year to date August 2010. The fund's year-to-date performance stood at -4.51% against the benchmark's -10.21%.
Wrapping up August 2010 with a NAV of AED 100.44, fund shares held their value with a nominal decrease of 0.43%, outperforming the index which dropped by 1.29%. The fund declared a second quarter dividend of AED 0.50 per unit, and remains ahead of the Index in terms of annualized dividend yield..............................................Full Press Release: Source
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