Meethaq Equity Fund​


What is Meethaq Equity Fund?

Meethaq Equity Fund is an open-ended Shariah-compliant investment fund by Meethaq Islamic Banking focused on investments in equity securities listed in the Sultanate of Oman and the GCC countries with the objective of achieving dividends and long-term capital growth. The fund primarily invests in Shari’a-Compliant listed companies in Oman and GCC, benefiting from the rapid growth in capital markets. The Meethaq equity fund is among the few shariah compliant equity funds in the Sultanate of Oman and it is supervised by dedicated Sharia Supervisory Board of Meethaq Islamic Banking. The fund is managed by an award-winning fund management team with a proven track record of managing GCC equities.


Who is it for?

Individuals and institutional investors seeking capital appreciation and regular income through a well-diversified portfolio investing in Shari’a-Compliant GCC stocks, under the guidance of a highly experienced and trusted Asset Management team.

The Asset Management team offers a comprehensive range of mutual funds focused on delivering attractive risk-adjusted returns to its investors. This typically entails capital appreciation and distribution of regular income in line with the respective mandate of each fund.


Features and Benefits:

  • Supervision by a dedicated Sharia Supervisory Board belonging to the largest Islamic Banking window in Oman.
  • Managed by an award-winning Asset Management team renowned for giving high returns on its portfolios outperforming its competitors in Oman.
  • Opportunity to participate in the growth of GCC economies with a diversified investment portfolio across various business segments and the portfolio is regularly re-balanced in line with market conditions and objectives of the fund.
  • Shariah strategy is generally associated with better risk-adjusted returns due to having exposure to: Companies with lower leverage, healthier balance sheets, and lower earnings volatility that operate in defensive and resilient sectors.
  • Regular distributions of dividends to provide investors with steady cashflows.
  • Investors can invest as low as OMR 50, either as one initial amount or as monthly instalments or a lumpsum amount. Mutual funds are cost-effective as they remove trading costs resulting from frequent rebalancing of positions.
  • Strong Risk Management framework.

Key Features of the Fund

​​​Sponsor ​Meethaq Islamic Banking and Bank Muscat SAOG
Sponsor commitment​ ​OMR 2 million
​Fund structure Open ended mutual fund
Jurisdiction​ Financial Services Authority, Oman
Fund Manager​ Bank Muscat Asset Management
Shariah Governance​ Meethaq
Investment Universe​ Shariah compliant equity securities listed in the GCC region
Asset Allocation​ Equities: 75% –100% of assets; Cash and Cash equivalent: Up to 25% of assets. The fund may invest up to 15% of its assets into international Shari’a Compliant securities and mutual funds
Investment Strategy​ ​Bottom-up stock specific investment approach
​Dividend frequency ​Annual
Fund currency​ ​OMR
Valuation ​Daily, NAV published on MSX
Single Stock Exposure limit​ Up to 10% of the fund assets
Minimum investment ​OMR 50 by each investor
Unit Price (from 4th till 15th August 2024) RO 1.010 (Comprising a price per Unit of RO 1.000 and 10 Baizas as issue expenses)

Disclaimer: Investment in securities market is subject to market risks. Read the prospectus carefully before investing.

Additional Documents:



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