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The Everest Fund II is an open-end Sharia'h compliant fund with an exclusive focus on India - one of the world's largest and fastest growing economies. India 's economic growth, vibrant democracy, strong legal framework and deep capital markets have made it an attractive destination for foreign direct and portfolio investments. Everest Fund II is a great opportunity for investors who desire to participate in the growth of Indian markets in a Shari'ah compliant manner
Investment Objectives
To provide medium to long-term capital growth by investing in Shari'ah-compliant Indian stocks .
Investment Strategy
The Fund focuses on providing investors with a diversified and stable investment portfolio of Shari'ah-compliant Indian stocks. All equities are recommended, selected, and certified based on the counsel of renowned Shariah scholar Sheikh Nidham Yaquby. All stocks are consistently monitored to ensure Shari'ah compliance.
Investment Manager
TAIB Bank BSC (c)
Custodian & Administrators
HSBC, Bahrain
Principal Features
Type of Fund
Open-ended
Minimum Subscription
US$ 100,000
Valuation
Weekly
Entry
Weekly
Subscription Fee
2% (Units will be issued for balance)
Redemption
Weekly at NAV
Management Fee
2 % p.a. of average fortnightly NAV
Performance Fee
20% over a hurdle of 20%
Performance Chart
Fund is being launched
Please Contact: Thomas Kelly : 973 17549409
Hasan Al-Mahroos : 973 17549374
E mail: funds@taib.com
" The above summary constitutes neither an offer to sell nor a solicitation to invest in the Everest Fund II . Offers to sell or solicitations to invest in the Everest Fund II are made only by means of the Fund Prospectus and an investor considering an investment in the Everest Fund II should rely solely upon the Prospectus. Please note that investment restrictions apply. "
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