The Al Beit Al Mali fund, identified by the Bloomberg ticker ABAMALI, is a Shari’a-compliant fund that provides subscribers with exposure to one of the strongest economies in the GCC, Qatar. The fund facilitates investments in listed companies across major sectors such as banks, real estate, and industries, reflecting the genuine growth within the Qatari economy. Established in 2006, Al Beit Al Mali fund was among the pioneers as one of the first Shari’a-compliant mutual funds licensed in Qatar. Its foundation adheres to Qatari law and regulations set forth by the Qatar Central Bank (QCB).
Al Beit Al Mali fund, as an open-end investment fund, comprises Shari’a-compliant equities listed on the Qatar Stock Exchange. The fund’s primary objective is to track Al Rayan Islamic Index, ensuring that the selected equities adhere to Shari’a criteria. All included companies must align with the principles of Islamic Shari’a law, and their activities should not contradict the provisions outlined in Law No. (25) of 2002 on investment funds, including any relevant instructions and executive regulations. This commitment to Shari’a compliance reflects the fund’s dedication to ethical and responsible investment practices in accordance with Islamic financial principles.
