QIB-UK, the bank’s subsidiary based in the UK and QIB Group centre of excellence for Asset Management, will use its experience in fund management to oversee the Themar investment portfolio.
QIB said Themar will offer two modes of subscription for its customers, a monthly investment, or a one-off investment.
The investment plan will return five dividends or ‘coupons’ per year – a dividend each quarter and an annual profit bonus, usually paid in June.
According to QIB, Themar will target a return of 7% per annum in the long term through a strategy aimed at building a balanced investment offering diversification and cost efficiency.
Half of the Themar portfolio will be invested in Sukuk (Islamic Bonds) and the rest in Islamic Financial Institution Equities.
QIB-UK head of asset management Anouar Adham said Themar is unique in that it allows customers access to securities that might normally be out of their financial reach. For example, Sukuk are difficult to obtain. However, by pooling investors’ resources, QIB can bring Sukuk bonds to everyone who takes up Themar.
"Additionally, Themar’s 50% Equity element gives our customers access to a diverse range of Islamic Financial Institution stocks in the world evolving in the Islamic Financial sector that is experiencing a growth estimated between 15% and 20%," he concluded.
