MASRAF AL RAYAN: MASRAF AL RAYAN LAUNCHES ‘QATR’ The World’s Largest, Single-Country Islamic Equity ETF

Source: Masraf Al Rayan
Source: Masraf Al Rayan

Masraf Al Rayan issued the following announcement on March 21.

Masraf Al Rayan QPSC and Al Rayan Investment LLC have successfully listed the Al Rayan Qatar ETF (stock exchange ticker: QATR) on the Qatar Stock Exchange.

Al Rayan Qatar ETF (QATR): Trading commences on Qatar Stock Exchange on 21 March 2018

QATR tracks ‘QE Al Rayan Islamic index (Price)’: Index of Shari’a-compliant Qatari equities

QATR: Largest single country Shari’a-compliant equity ETF in the world

QATR: 3x larger than any other ETF in Qatar or the Gulf region

QATR: 0.50% Total Expense Ratio (TER) is one of the lowest among single-country ETFs across emerging markets

Masraf Al Rayan QPSC and Al Rayan Investment LLC have successfully listed the Al Rayan Qatar ETF (stock exchange ticker: QATR) on the Qatar Stock Exchange. ‘QATR’ is Qatar’s first Shari’a-compliant exchange traded fund and the largest single-country Shari’a-compliant ETF in the world. Masraf Al Rayan is the founder of the fund while Al Rayan Investment has been appointed the fund manager.

The ETF seeks to track the performance of the ‘QE Al Rayan Islamic Index (Price)’ and provides investors diversified exposure to Qatari equities. Over the last five years, QE Al Rayan Islamic Index (Price) has outperformed the conventional ‘QE Index’ by more than 13%; over ten years the outperformance is in excess of 75%.

“Masraf Al Rayan, is a forerunner of developing local capital markets by introducing new and innovative products such as Al Rayan Qatar ETF” said Dr. Hussain Ali Al Abdulla, Chairman and Managing Director of Masraf Al Rayan, “and this marks only one of our few initiatives with the exchange”. He added the underlying index for the ETF is comprised of large and medium sized, Shari’a-compliant, listed Qatari companies.

The QE Al Rayan Islamic index receives an annual Shari’a certificate from Masraf Al Rayan’s Shari’a Supervisory Board, chaired by Dr Sheikh Walid bin Hadi.

During the fund’s seeding period prior to listing, exceptional appetite from institutional investors enabled Al Rayan Qatar ETF to raise more than QAR 465 million (approximately $127 million). This makes it three times larger than any other ETF in Qatar or the Gulf region, and the second largest Shari’a-compliant equity ETF in the world.

On the occasion of the listing, Adel Mustafawi, Group CEO of Masraf Al Rayan said, “Al Rayan Qatar ETF is a unique investment vehicle available to all investors, local and international. We expect the unusually strong demand seen during the seeding period to continue, supported by increasing foreign buying of Qatari public equities. Our ETF will play an important role in enhancing trading liquidity on Qatar Stock Exchange for the stocks in the underlying index.”

“With the global popularity of ETFs, it was opportune for us to launch this new investment product. Al Rayan Qatar ETF is perfect for investors seeking diversified exposure to Shari’a-compliant Qatari stocks with the simplicity and efficiency of buying just one share. Given the strong historic performance of the index, Al Rayan Qatar ETF offers an attractive opportunity to gain exposure to the Qatari economy,” added Haithem Katerji, Chief Investment Officer of Al Rayan Investment.

Al Rayan Qatar ETF will make distributions each year and will pay a cash dividend for 2017during the first half of 2018.

MASRAF AL RAYAN LAUNCHES ‘QATR’ The World’s Largest, Single-Country Islamic Equity ETF

Masraf Al Rayan QPSC and Al Rayan Investment LLC have successfully listed the Al Rayan Qatar ETF (stock exchange ticker: QATR) on the Qatar Stock Exchange.

Al Rayan Qatar ETF (QATR): Trading commences on Qatar Stock Exchange on 21 March 2018

QATR tracks ‘QE Al Rayan Islamic index (Price)’: Index of Shari’a-compliant Qatari equities

QATR: Largest single country Shari’a-compliant equity ETF in the world

QATR: 3x larger than any other ETF in Qatar or the Gulf region

QATR: 0.50% Total Expense Ratio (TER) is one of the lowest among single-country ETFs across emerging markets

Masraf Al Rayan QPSC and Al Rayan Investment LLC have successfully listed the Al Rayan Qatar ETF (stock exchange ticker: QATR) on the Qatar Stock Exchange. ‘QATR’ is Qatar’s first Shari’a-compliant exchange traded fund and the largest single-country Shari’a-compliant ETF in the world. Masraf Al Rayan is the founder of the fund while Al Rayan Investment has been appointed the fund manager.

The ETF seeks to track the performance of the ‘QE Al Rayan Islamic Index (Price)’ and provides investors diversified exposure to Qatari equities. Over the last five years, QE Al Rayan Islamic Index (Price) has outperformed the conventional ‘QE Index’ by more than 13%; over ten years the outperformance is in excess of 75%.

“Masraf Al Rayan, is a forerunner of developing local capital markets by introducing new and innovative products such as Al Rayan Qatar ETF” said Dr. Hussain Ali Al Abdulla, Chairman and Managing Director of Masraf Al Rayan, “and this marks only one of our few initiatives with the exchange”. He added the underlying index for the ETF is comprised of large and medium sized, Shari’a-compliant, listed Qatari companies.

The QE Al Rayan Islamic index receives an annual Shari’a certificate from Masraf Al Rayan’s Shari’a Supervisory Board, chaired by Dr Sheikh Walid bin Hadi.

During the fund’s seeding period prior to listing, exceptional appetite from institutional investors enabled Al Rayan Qatar ETF to raise more than QAR 465 million (approximately $127 million). This makes it three times larger than any other ETF in Qatar or the Gulf region, and the second largest Shari’a-compliant equity ETF in the world.

On the occasion of the listing, Adel Mustafawi, Group CEO of Masraf Al Rayan said, “Al Rayan Qatar ETF is a unique investment vehicle available to all investors, local and international. We expect the unusually strong demand seen during the seeding period to continue, supported by increasing foreign buying of Qatari public equities. Our ETF will play an important role in enhancing trading liquidity on Qatar Stock Exchange for the stocks in the underlying index.”

“With the global popularity of ETFs, it was opportune for us to launch this new investment product. Al Rayan Qatar ETF is perfect for investors seeking diversified exposure to Shari’a-compliant Qatari stocks with the simplicity and efficiency of buying just one share. Given the strong historic performance of the index, Al Rayan Qatar ETF offers an attractive opportunity to gain exposure to the Qatari economy,” added Haithem Katerji, Chief Investment Officer of Al Rayan Investment.

Al Rayan Qatar ETF will make distributions each year and will pay a cash dividend for 2017during the first half of 2018.

Original source: https://www.alrayan.com/english/media-center/news-and-press-releases/masraf-al-rayan-launches-qatr--the-worlds-largest-single-country--islamic-equity-etf

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