Wafra GCC Islamic Fund

The Wafra GCC Islamic Fund is a mutual fund that focuses on Sharia-compliant investments across the Gulf Cooperation Council (GCC) countries. It aims to grow capital by investing in securities listed on the Kuwait Stock Exchange and other Gulf markets, primarily within the equities sector, to achieve competitive returns while mitigating risk. The fund also seeks to distribute annual dividends during profitable periods to unit holders.

The fund's strategy involves capital investment in local and GCC markets, focusing on GCC Islamic equity securities. It is managed by Wafra International Investment Co., with a management fee of 1% per year. The fund offers monthly redemption options and is audited by BDO Al-Nisf & Partners. As of October 2025, the fund's net asset value (NAV) per unit was $9.790, with assets under management totaling $20 million.

The fund's geographical allocation includes 17.23% in Saudi Arabia, 10.74% in the United Arab Emirates, 4.91% in Qatar, and 65.96% in cash and equivalents. The top five holdings are RJHI (17.33%), KFH (6.99%), ALINMA (5.97%), EMAAR (5.40%), and KSA (5.04%). Since its inception on January 19, 2022, the fund has achieved a return of 3.04% as of October 2025. The fund's performance is benchmarked against the S&P GCC Composite Shariah LargeMidCap index.

In May 2025, Wafra's Global Sukuk Team, which co-manages the Wafra GCC Islamic Fund, was named Best Islamic Fund Manager at the 2025 Euromoney Islamic Finance Awards, marking the second consecutive year the team received this distinction. This recognition highlights Wafra's commitment to delivering differentiated strategies and performance for clients in the Islamic finance sector.