introduction of umbrella fund, thematic analysis of laws in uae and implications of launch in iran’s islamic capital market

Purpose of research: this research pursues three basic objectives. the first goal is to introduce the umbrella investment fund as an efficient tool for both asset management companies and investors according to their investment preferences. the second goal is to analyse the content of the laws governing the establishment, launch and operation of this fund in the largest financial centre of the middle east, the united arab emirates, which is also known as an islamic country, and the third goal is to express the needs and ability to solve some the problems of the capital market by umbrella fund, indications of the necessity of setting up such a tool in the islamic capital market of iran is provided. method of research: the method used in this research is a thematic analysis method. thematic analysis is a method to recognize, analyze and report patterns in qualitative data. this method transforms a process for analyzing textual data and scattered and diverse data into rich and detailed data. finding of research: the findings of this research show that the establishment of an umbrella fund is one of the appropriate tools that provide investors preferences and reduce costs for asset management companies in iran’s islamic capital market. also, its islamic example implemented in the uae can be considered as a suitable basis for modelling for the formulation of regulations and laws governing this tool.conclusion: by examining the united arab emirates as the largest financial center in the middle east and as an islamic country, collective investment laws govern these funds. these funds will be created under a protected cell company, and each sub-fund that is a cell will have its own debt and assets and will prevent the spread of risk between sub-funds. the prospectus of this fund in the united arab emirates includes information such as responsible persons, documentation, goals and policies, investment, investment restrictions, investors rights, information about the manager, trustee, auditor, and trustee of the fund. the creation and launch of an umbrella fund in iran seems inevitable, which makes it possible for any investor with any type of goals and strategies to enter the capital market, secondly, the establishment and launch costs, maintenance, branding and marketing costs of that fund could be reduced for the fund manager, and thirdly, with the diversity of the sub-funds, it is possible to deepen the market for the investment tools that have been created now, but their market depth is not high.