Top 10 Islamic funds in Middle East by three-month returns (12-Aug-2024)
Rank | Funds | Fund Manager | 3 months returns |
1 | Derayah Freestyle Saudi Equity Fund | Derayah Financial | 32.24% |
2 | Derayah GCC Growth and Income Equity Fund | Derayah Financial | 25.02% |
3 | GIB Saudi Equity Fund – Class C | GIB Capital | 19.56% |
4 | Riyad Emaar Fund | Riyad Capital | 18.57% |
5 | ANB Capital Opportunistic Fund | ANB Capital | 18.29% |
6 | Alkhair Capital IPOs Fund | Alkhair Capital | 17.11% |
7 | Alinma IPO Fund | Alinma Investment | 16.62% |
8 | Alinma Saudi Equity Fund | Alinma Investment | 15.47% |
9 | SAB Invest GCC Equity Income Fund | SAB Invest | 15.24% |
10 | ANB Capital IPO Fund | ANB Capital | 15.05% |
Top 10 Islamic funds in Middle East by AuM (12-Aug-2024)
Rank | Fund Name | Fund Manager | AuM (US$ million) |
1 | SNB Capital Al Sunbullah SAR | SNB Capital | 2,614.31 |
2 | SNB Capital Saudi Riyal Trade Fund | SNB Capital | 2,323.00 |
3 | Riyad SAR Diversified Trade Fund | Riyad Capital | 1,617.00 |
4 | SNB Capital Diversified Saudi Riyal Fund | SNB Capital | 1,397.45 |
5 | Watani KD Money Market Fund II | NBK Wealth Management | 1,374.50 |
6 | Alpha Murabaha Fund | Alpha Capital | 1,150.37 |
7 | Boubyan KD Money Market Fund II | Boubyan Capital | 873.94 |
8 | Albilad SAR Murabaha Fund | Albilad Capital | 839.25 |
9 | Al Rajhi Saving and Liquidity Fund – SAR | Al Rajhi Capital | 834.15 |
10 | Al Rajhi REIT Fund | Al Rajhi Capital | 833.12 |
Top 10 Islamic fund managers in Middle East by AuM (12-Aug-2024)
Rank | Fund Manager | Country | AuM (US$ million) |
1 | SNB Capital | Saudi Arabia | 10,665.75 |
2 | Al Rajhi Capital | Saudi Arabia | 5,912.89 |
3 | Riyad Capital | Saudi Arabia | 3,143.09 |
4 | Sedco Capital | Saudi Arabia | 2,693.06 |
5 | SAB Invest | Saudi Arabia | 2,339.72 |
6 | NBK Wealth Management | Kuwait | 1,783.06 |
7 | Emirates NBD Asset Management Ltd. | United Arab Emirates | 1,548.16 |
8 | Albilad Capital | Saudi Arabia | 1,365.40 |
9 | Alpha Capital | Saudi Arabia | 1,346.50 |
10 | Alinma Investment | Saudi Arabia | 1,294.48 |
Islamic funds breakdown by asset class – Middle East (12-Aug-2024)

Islamic funds breakdown by fund type – Middle East (12-Aug-2024)
