Investment Glossary

الأصول تحت الإدارة

Total market value of investments managed by Al Amal on behalf of clients. Al Amal currently manages $47.2 billion across diversified GCC portfolios.

معدل العائد الداخلي

A metric used to estimate the profitability of potential investments. The discount rate that makes the net present value of all cash flows equal to zero.

العائد على حقوق الملكية

Net income divided by shareholders' equity; measures how efficiently management uses equity capital to generate profits.

نسبة شارب

A measure of risk-adjusted return. It is calculated by subtracting the risk-free rate from the portfolio return, then dividing by the standard deviation of returns.

نسبة القرض إلى القيمة

Ratio of a loan to the appraised value of the asset being purchased. A key metric in real estate and structured finance transactions.

صافي قيمة الأصول

The per-unit value of a fund's assets minus its liabilities. NAV is the standard pricing benchmark for investment funds and REITs.

الشريعة الإسلامية

Islamic law derived from the Quran and Sunnah, guiding all Al Amal investments. All Shari'a-compliant products are reviewed by an independent Shari'a Supervisory Board.

الصكوك

Islamic financial certificates similar to bonds, but asset-backed and Shari'a-compliant. Sukuk represents ownership in tangible assets rather than a debt obligation.

المرابحة

Cost-plus financing where the seller explicitly discloses the cost and profit margin. Commonly used in trade finance and commodity transactions.

الإجارة

An Islamic lease agreement where the lessor retains ownership of the asset while the lessee pays rental installments. Equivalent to a conventional operating or finance lease.

المشاركة

A joint venture or partnership structure for financing where all parties contribute capital and share profits and losses proportionally.

المضاربة

A profit-sharing agreement between a capital provider (Rab al-Mal) and an entrepreneur (Mudarib). Losses are borne solely by the capital provider.

الربا

Interest or usury, strictly prohibited in Islamic finance. All Al Amal investment structures are designed to avoid any form of Riba.

الغرر

Excessive uncertainty or speculation prohibited in Islamic finance. Contracts must have clearly defined terms, consideration, and object of sale.

الوقف

A charitable endowment under Islamic law where an asset is dedicated in perpetuity for a religious or charitable purpose, managed by a trustee.

الوصية

An Islamic will or bequest, permitting a Muslim to direct up to one-third of their estate to non-heirs. A key tool in Islamic estate planning.

هيئة أسواق المال

The regulatory body overseeing securities and investment activities in Kuwait, established under Law No. 7 of 2010. Al Amal operates under full CMA licensure.

بنك الكويت المركزي

The central bank of Kuwait, regulating banking institutions and monetary policy. Investment companies with banking-adjacent activities are subject to CBK oversight.

وزارة التجارة والصناعة

The Kuwaiti government body overseeing corporate governance, commercial licenses, and company registration. Al Amal is incorporated and registered under its authority.

القانون رقم 7 لسنة 2010

The primary Capital Markets Authority law regulating capital markets in Kuwait, including licensing, disclosure, and investor protection requirements.

القانون رقم 20 لسنة 2014

Kuwait's Law on the Protection of Privacy. Governs the collection, processing, and storage of personal data of clients and investors.

اعرف عميلك

Regulatory due diligence process to verify client identity, suitability, and risk profile. Mandatory for all CMA-licensed investment firms in Kuwait.

الأسهم الخاصة

Capital invested directly in private companies not listed on public exchanges. Al Amal's private equity strategy focuses on GCC growth-stage and buyout opportunities.

رأس المال الاستثماري

Financing provided to early-stage, high-growth startups in exchange for equity. Al Amal Ventures targets technology-enabled businesses across the GCC.

صندوق الاستثمار العقاري

A company that owns and operates income-generating real estate, allowing investors to access real estate returns without direct property ownership.

الاستثمار في البنية التحتية

Long-term investment in essential physical assets including energy, transportation, utilities, and telecommunications. A key GCC Principal Investment strategy.

صندوق التحوط

An alternative investment vehicle using pooled funds and diverse strategies including leverage, long/short, and derivatives to generate alpha.

الاستثمار الرئيسي في دول الخليج

Al Amal's strategy of direct balance-sheet investment in key GCC sectors: Utilities, Telecommunications, Technology, and Heavy Industries — aligned with GIC's investment model.

التقلب

A statistical measure of the dispersion of investment returns, typically expressed as annualised standard deviation. Higher volatility indicates greater uncertainty.

الانخفاض عن الذروة

The peak-to-trough decline in portfolio value during a specific period. Maximum drawdown is a key risk management metric for portfolio oversight.

العناية الواجبة

The comprehensive investigation and analysis of a potential investment prior to commitment, covering legal, financial, operational, and ESG dimensions.

الاستثمار المشترك

When a limited partner or strategic investor invests directly alongside a private equity fund in a specific transaction, typically with reduced fee structures.

الفائدة المحمولة

The share of profits paid to investment managers as performance compensation, typically 20% of gains above a predefined hurdle rate.

القيمة المعرضة للمخاطر

A statistical measure quantifying the potential loss in value of a portfolio over a defined period for a given confidence interval (e.g., 95% or 99%).