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Our wealth solutions help you manage your financial future better and achieve your financial goals.
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Start your banking journey with the leading bank in the region.
Find a suitable account and applyDiscover the benefits of being our customer by browsing through our banking packages.
Learn more about banking packagesLearn all about how to use your account's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
All our cards offer you an exciting range of rewards and benefits.
Find a suitable card and applyGet the most out of your credit card by exploring its different benefits.
Learn all about how to use your card's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Know more about our Wealth servicesLife is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Access to over 11,000 stocks and ETFs in Global and UAE markets
Visit our dedicated support center for answers to all your banking-related questions.
View support centreEveryday banking is a lot easier with our digital banking platforms and services.
Discover more about banking with usWe have over 200 branches and 900 ATMs and CDMs across the UAE and overseas.
Learn more about our services and get the most out of your banking relationship with us.
Visit our dedicated support center for answers to all your banking-related questions.
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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Dubai, UAE, 13 May 2024: Emirates NBD Asset Management, the asset management division of Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has strengthened its commitment to the UAE’s goal of developing the country’s asset management sector, by establishing its first public fund in Dubai International Financial Centre (DIFC) named FundStar (OEIC) PLC.
As an entity regulated by the Dubai Financial Services Authority (DFSA), Emirates NBD Asset Management has set up FundStar as an umbrella fund that will host a number of feeder funds and master funds across a broad range of asset classes and geographies, including equity and fixed income, as well as multi-asset strategies in both conventional and Shari’ah-compliant forms.
Being a licensed fund, FundStar shares will be promoted through a public offering to onshore retail investors in the UAE, in line with the existing Memorandum of Understanding between three different regulators, namely the Securities and Commodities Authority (SCA), the Financial Services Regulatory Authority (FSRA) and the DFSA. By investing in FundStar sub-funds, investors will have access to professionally managed portfolios across a wide range of asset classes and geographies. Also, the Feeder Sub-Funds within FundStar will provide retail investors with the opportunity to access foreign funds domiciled in highly regulated jurisdictions with proven track records such as Luxembourg. Investors will benefit from low entry investment amounts of USD 1,000/AED 1,000, daily liquidity and income generation on a quarterly basis.
Michail Samawi, Senior Executive Officer (SEO) at Emirates NBD Asset Management, commented: “As the UAE’s regulatory environment continues to evolve, Emirates NBD Asset Management is proud to create a Public Fund that complies with the current prevailing regulations, and strengthens the relationship with our customers by offering them access to professionally managed funds domiciled in renowned, highly regulated jurisdictions.”
He added: “FundStar adds to our portfolio of locally regulated solutions that support the investment goals of our retail investors. As one of the largest asset managers in the UAE, Emirates NBD Asset Management is using its expertise to provide innovative products, while supporting the growth of financial markets in the region.”
Tariq Chaudhary, Group Head of Wealth Management at Emirates NBD, commented on the launch: “The Launch of FundStar comes at a very critical juncture in the investment landscape of the UAE. We are delighted with the launch of an onshore eligible platform that provides locally regulated solutions to support the investment goals of a large number of our retail investors.”
Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, said: “As a financial institution that leads the region in innovation and technology, we are proud to launch FundStar, a local platform that will utilise our regional and Shari’ah-compliant capabilities to offer best-in-class solutions to the regional investor while reflecting our commitment to supporting the growing needs of financial markets in the region.”
FundStar (OEIC) PLC allows investors to participate in conventional and Shari’ah-compliant forms, in regional and global fixed income portfolios and equities, as well as offers access to world-class asset managers through several risk-profiled, multi-asset funds.
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