HORIZONS GCC SUKUKS FUND
Horizons GCC Sukuks Fund is an open-ended, USD-denominated fund investing primarily in investment-grade GCC sukuk and Islamic money market instruments, designed to generate income and capital growth in a Shariah-compliant framework.
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13 April 2026 – 13 May 2026
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- Sign-up to open an account and apply online, or
- Complete the subscription form and send it to cm@alramz.ae
To achieve attractive investment returns through a combination of income generation and capital growth over the medium to long term.
Managed by an experienced fixed income team with deep expertise in GCC bonds and sukuk markets, supported by a dedicated research platform.
FAQs
Q: What is the Horizons GCC Sukuk Fund?
A: It is an open-ended fund that invests in Sharia-compliant GCC sukuk and Islamic money market instruments.
Q: What does this fund invest in?
A: The fund mainly invests in investment-grade sukuk and other Islamic money market instruments issued in the GCC.
Q: Is the fund Sharia-compliant?
A: Yes. The fund is structured to comply with Sharia principles and has dedicated Sharia oversight.
Q: Which countries or markets does the fund focus on?
A: It focuses mainly on sukuk opportunities from issuers across GCC markets.
Q: Who manages the fund and oversees its Sharia compliance?
A: Al Ramz manages the fund, and Minhaj Advisory serves as the Sharia advisor.
Q: How does a sukuk fund work?
A: It pools investor money to buy sukuk and similar instruments, aiming to earn profit income and preserve capital over time.
Q: What is the fund trying to achieve for investors?
A: It aims to deliver income and capital growth through prudent management over the medium to long term.
Q: Does the fund focus on income, capital preservation, or both?
A: It focuses on both, with an emphasis on sustainable income and capital preservation.
Q: Will the fund only invest in investment-grade sukuk?
A: Yes. The strategy is focused on investment-grade credit quality.
Q: What does a maximum duration of around seven years mean for me as an investor?
A: It helps limit interest-rate sensitivity by keeping the portfolio’s average maturity profile within a moderate range.
Q: What management fee will I pay?
A: The annual management fee is 1.0% of the fund’s NAV.
Q: Will I pay a subscription fee when I invest?
A: Yes. A subscription fee of up to 1% may apply when you invest.
Q: Is there any redemption fee when I withdraw my money?
A: No. The fund’s stated redemption fee is 0%.
Q: Are there any performance fees on this fund?
A: No performance fee is highlighted in the key fund terms.
Q: What other costs could reduce my overall return?
A: Administrative, operating, and transaction costs may slightly reduce net returns over time.
Q: Is there a recommended holding period for this fund?
A: While there is no fixed lock-up, the fund is designed for medium- to long-term investment to achieve more stable returns.
Q: What are the main risks of investing in a GCC sukuk fund?
A: The main risks include credit risk, market risk, liquidity risk, and changes in profit-rate or interest-rate conditions.
Q: Can I still lose money even if the fund invests in investment-grade sukuk?
A: Yes. Investment-grade does not remove risk, and the value of the fund can still go down.
Q: How sensitive is the fund to changes in interest rates or profit rates?
A: It is less sensitive than a very long-duration fund, but rate changes can still affect prices and returns.
Q: What kind of return expectations are reasonable for this fund?
A: This fund is designed for steadier income and capital preservation, not equity-like returns.
Q: What is the minimum amount I need to invest?
A: The minimum initial subscription is USD 10,000.
Q: Can I make additional investments later?
A: Yes. Additional subscriptions are allowed from USD 1,000.
Q: How do I subscribe to the fund?
A: You can subscribe directly through the Al Ramz app by selecting the fund, entering your amount, and confirming your request.
Q: How often can I invest in or withdraw from the fund?
A: The fund deals weekly, with subscriptions and redemptions processed every Thursday.
Q: How long does it usually take to receive my money after a withdrawal request?
A: Withdrawals are processed weekly, with proceeds paid within a few days after the NAV calculation.
Q: Does the fund pay out income, or are returns reinvested?
A: It is an accumulation fund, so profits are reinvested rather than paid out.
Q: In what currency is the fund priced and invested?
A: The fund is denominated in USD, and subscriptions and redemptions are handled in USD.
Q: How is the fund’s NAV calculated?
A: The NAV is calculated weekly and used for subscriptions and redemptions on the dealing day.
Q: Does the fund use leverage or borrowing?
A: No. The fund follows a long-only approach without leverage.
Q: Why might I choose this fund instead of buying individual sukuk myself?
A: You get professional management, diversification, Sharia oversight, and easier access in one fund.