Emirates Islamic Banks portfolio of funds continues to perform beyond expectations

Eye of Dubai:Emirates Islamic Bank, one of the leading Islamic financial institutions in the region, has earned a reputation for providing its customers with the best possible opportunities to maximize their returns with the bank. This was reflected in the recently released quarterly performance reports of two key funds in the EIB portfolio. Both the Real Estate Fund and the Dynamic Liquid Fund had a successful second quarter in 2008, with returns exceeding expectations yet again.

“Both the Shari’a compliant funds are professionally managed by expert fund managers and have been meticulously researched before they were launched. This helps avoid risks associated with conventional banking investment products, which have recently caused losses to people” said Mr. Faisal Aqil, General Manager of Retail Banking and Emirates Islamic Bank. “Though they vary in their core nature with regards to the markets chosen for investment, the overall goal of both funds is to deliver an optimum return on investment, and they are well on their way to achieve the desired goals” he added.

Launched on 30th November 2005, the open ended Dynamic Liquid Fund was floated to provide professional, institutional and high net worth investors with a professionally managed means of participating in Shari’a compliant liquid assets. The Fund had a solid month in May, returning 0.67% and outperforming its peer group average which brought home 0.35%. This strong performance has boosted the compound annualized growth rate of the fund to 5.15%.

The Emirates Real Estate Fund on the other hand investment that aims to achieve high-yielding rental income and medium to long term capital growth by investing in a diversified portfolio of residential and commercial properties primarily in UAE. The Fund aims to retain some liquidity by maintaining an element of the portfolio in cash or cash equivalent investments. The current gross value of the fund is pegged at USD480 million with an averaged annualized return of 15.37%.

If the above average performance of the two funds is any indication, it seems an excellent decision for investors to join hands with Emirates Islamic Bank and reap the benefits of some carefully researched and rewarding investments.