Al Joud GCC Equity Fund, currently invests in listed securities issued in the GCC countries, in accordance with Sharia Investment Guidelines. The fund was timed to exploit the strong real GDP growth rates that are being witnessed across the GCC, and growing client appetite for investing wealth that was traditionally invested outside the region back into their home countries.

With robust domestic demand and an increasingly diversified industry base, the GCC provides investors with a welcome hedge against volatile global markets which are expected to witness a slowdown. A new class of shares for Al Joud fund was also launched early in 2009.