5 Investments

Investments

             
 At fair value through other comprehensive income   At fair value through profit or loss   At amortised cost   Total
AED’000   AED’000   AED’000   AED’000
31 December 2017
Equity instruments:
– Quoted 616,102   174,858     790,960
– Unquoted 92,917       92,917
             
Debt instruments:              
– Quoted – fixed rate   1,500     1,500
–  Unquoted investments     81,654   81,654
 

Investment in managed funds

7,322       7,322
716,341
 
176,358
 
81,654
 
974,353
   
Within UAE 450,133   176,358     626,491
Outside UAE 266,208     81,654   347,862
716,341
 
176,358
 
81,654
 
974,353
31 December 2016    
Equity instruments:    
– Quoted 603,196 202,243 805,439
– Unquoted 100,151 100,151
Debt instruments:
– Quoted – fixed rate 2,523 2,523
– Unquoted investments 128,569 128,569
 

Investment in managed funds

9,078 9,078
712,425
204,766
128,569
1,045,760
Within UAE 443,926 204,766 648,692
Outside UAE 268,499 128,569 397,068
712,425
204,766
128,569
1,045,760


The fair value of investments carried at amortised cost at 31 December 2017 is AED 82,657 thousand (2016: AED 128,631 thousand).

Income from Tier 1 Capital Instruments include investment income from Tier 1 Sukuk Instruments. These instruments hold an average coupon interest rate between 5.5% – 8.25%.

During the year the Group has not disposed of investments carried at amortised cost (2016: investments carried at amortised cost of AED 29,245 thousand disposed for strategic reason).

Furthermore, during 2017, the Group made a number of purchases in shares and bonds for strategic and trading purposes in an amount of AED 337,172 thousand (2016: AED 236,458 thousand).