Top 10 Islamic funds in Middle East by three-month returns (3-Mac-2025)
Rank | Fund Name | Fund Manager | 3 months return (%) |
1 | KFH Capital Money Market Fund (KWD) | KFH Capital | 13.44% |
2 | Osool & Bakheet Parallel Market Trading Equity Fund | Osool and Bakheet Investment Company | 10.93% |
3 | Markaz Islamic Fund | Markaz (Kuwait Financial Center) | 9.30% |
4 | Chimera S&P UAE Shariah ETF – Accumulating | Lunate Capital | 8.66% |
5 | Albilad MSCI US Tech ETF | Albilad Capital | 8.38% |
6 | KSB Dividend Fund | Value Capital | 8.20% |
7 | Al Qasr GCC Real Estate & Construction Equity Trading Fund | BSF Capital | 7.86% |
8 | SEDCO Capital IPO Fund | Sedco Capital | 7.65% |
9 | Chimera S&P UAE Shariah ETF – Income | Lunate Capital | 6.90% |
10 | Al Rajhi REIT Fund | Al Rajhi Capital | 6.72% |
Top 10 Islamic funds in Middle East by AuM (3-Mac-2025)
Rank | Fund Name | Fund Manager | AuM (US$ million) |
1 | SNB Capital Al Sunbullah SAR | SNB Capital | 3,130.75 |
2 | SNB Capital Saudi Riyal Trade Fund | SNB Capital | 2,451.94 |
3 | Al Rajhi Awaeed Fund | Al Rajhi Capital | 2,263.48 |
4 | Al Rajhi Growth Fund | Al Rajhi Capital | 1,756.43 |
5 | Riyad SAR Diversified Trade Fund | Riyad Capital | 1,510.41 |
6 | Watani KD Money Market Fund II | NBK Wealth | 1,374.50 |
7 | Alpha Murabaha Fund | Alpha Capital | 1,276.08 |
8 | Albilad CSOP MSCI Hong Kong China Equity ETF | Albilad Capital | 1,124.95 |
9 | Albilad SAR Murabaha Fund | Albilad Capital | 899.59 |
10 | Boubyan KD Money Market Fund II | Boubyan Capital | 865.51 |
Top 10 Islamic fund managers in Middle East by AuM (3-Mac-2025)
Rank | Fund Manager | Country | AuM (US$ million) |
1 | SNB Capital | Saudi Arabia | 10,544.03 |
2 | Al Rajhi Capital | Saudi Arabia | 9,962.04 |
3 | Jadwa Investment | Saudi Arabia | 3,927.59 |
4 | Riyad Capital | Saudi Arabia | 3,301.83 |
5 | Sedco Capital | Saudi Arabia | 2,743.64 |
6 | Albilad Capital | Saudi Arabia | 2,543.09 |
7 | SAB Invest | Saudi Arabia | 2,169.15 |
8 | BSF Capital | Saudi Arabia | 1,697.72 |
9 | Emirates NBD Asset Management Ltd. | United Arab Emirates | 1,691.49 |
10 | NBK Wealth | Kuwait | 1,566.94 |
Islamic funds breakdown by asset class – Middle East (3-Mac-2025)

Islamic funds breakdown by fund type – Middle East (3-Mac-2025)
