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Financial Calculators

Simplify your finances by using our handy calculator below.
 
 
 
 
 
 
 
 
 
*Installment values may not be accurate.
Please contact the nearest Masraf Al Rayan
branch for the exact calculation.

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    +974 4425 3333
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Al Rayan GCC Fund

(Q)

(F)

Who can invest?

Qatari investors

Non-Qatari and Qatari investors

Fund currency

QAR

US$

Fund duration

Open-ended

Investment focus

Sharia-compliant GCC equities & Sukuk

Countries of focus

Equities: Qatar, Saudi, UAE; Sukuk: Mainly GCC

Investment horizon

2-3 years

Expected rate of return

No guarantee. Target return is 12% per annum

Capital guarantee

No guarantee of capital or profit

Dividend?

No

Lock-in period

No redemption in the first 6 months after subscription

Subscription

Monthly
Deadline to receive funds and completed application is 7 working days before end of each month

Redemption

Monthly, after lock-in period
Redemption forms to be submitted 30 calendar days before redemption date (1st business day of each month)

Investor updates

Net Asset Value published in two local newspapers (Arabic & English) each month
Investor newsletter & holding statement delivered by Q-Post

NAV calculation

Monthly

Founder

Masraf Al Rayan QSC

Fund Manager

Al Rayan Investment LLC

Custodian

HSBC ME Ltd

Auditor

Deloitte & Touche

Legal Advisor

Dentons

Sharia Advisory Board

Appointed by Founder, please contact Founder for updated list of members http://www.alrayan.com/en/Shari%E2%80%99a-Supervisory-Board

FEES

 

Subscription fee

Up to 1%  (upon subscription)

Redemption fee

Nil

Management fee

1.25% per annum (taken directly from fund)

Early redemption penalty

3% of NAV (subject to management approval)

Performance fee

20% fee charged for performance achieved in excess of 24%, over 2 years
(eg. If 2 year return is 30%, 20% fee will be charged on (30-24) 6% = 1.2%. Investor return will be 30-1.2 = 28.8%)

SUBSCRIBERS

 

Individuals Minimum subscription

QAR 100,000 (QAR 5,000 subsequently)

US$ 30,000 (US$ 1,500 subsequently)

Required documents
  • True copy of national ID card (showing date & place of birth)
  • Evidence of permanent address (if not MAR account holder)
  • True copy of national ID card or passport (showing date & place of birth)
  • If Qatar resident, true copy of Qatari ID card
  • Evidence of permanent address (if not MAR account holder)
Institutions Minimum subscription

QR 1,000,000 (QAR 50,000 subsequently)

US$ 300,000 (US$ 15,000 subsequently)

Required documents
  • True copy of commercial registration issued by Min. Econ & Trade/ local licensing authority
  • True copy of Memorandum or Articles of Association (or Prospectus if a Fund)
  • True copies of national ID cards of owners and joint partners
  • Names of shareholders who own more than 10% of capital
  • Name, true copy of national ID and specimen signature of authorized signatory
  • Evidence of signatory’s power and authority to buy units on behalf of the entity (constitutive documents, power of attorney or Board resolution)
  • Investor Relations

    Masraf Al Rayan (QSC) ("Bank") was incorporated as Qatari Shareholding Company under the Qatar Commercial Company law, on 4th January 2006, and licensed by Qatar Central Bank.

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