Fund Objective

Providing Shari’a-compliant competitive returns as the Fund seeks to increase the Net Asset Value while realizing a high liquidity level.

Fund Strategy

An open-end fund that allows entry and exit of investors with the aim of realizing competitive returns.

Fund Investments

  • The Fund will invest in Shari’a-compliant short and medium-term money market instruments available in the financial market which have low risk and high liquidity, including:
    • Deposits and equivalents in Islamic banks
    • Treasury bills and bonds issued by banks and companies, whether in Kuwaiti Dinar or a foreign currency
    • Certificates of deposits, repurchase agreements, sukuk or any other instruments
    • The Fund will seek to increase its Net Asset Value while realizing a high liquidity rate by investing in high-quality instruments.

Why Boubyan USD Liquidity Fund?

  • Investments in US Dollar
  • Prospective competitive returns higher than one-month fixed deposits
  • Weekly redemption
  • Investment in high-quality money market securities
  • Low risk investment fund
  • All investments are Shari’a-compliant
  • An open-end fund that allows entry and exit throughout its Term

NAV USD 10.2490 as of 19 / 09 / 2017

Performance Fund
Annualized Return Since Inception 0.737%
Annualized YTD Return 1.000%
One Week Annualized Return 1.100%

 

Executive Committee

Saleh Ahmed Al Ateeqi
Badria Hamad Al Humaidhi
Hadi Ousama Salame
Asok Kumar
Ali Habeeb Atesh

Fund Facts

Fund Structure Open-end fund
End Date of Initial Subscription Period 08/05/2014
Currency US Dollar
Capital Variable (from USD 18 million to 360 million)
Minimum Subscription USD 10,000
Subscription Fees None
Management Fees Up to 1% per annum
Fund Manager Boubyan Capital Investment Company K.S.C.C.
Promoter Boubyan Bank K.S.C.
Investment Advisor Boubyan Bank K.S.C.
Custodian & Investment Controller Kuwait Clearing Company K.S.C.C.
Shari’a Auditor Legitimate Audit House Company
Auditor Ernst & Young

Download The Fund Facts

A Shariah Compliant Investment Company