Fund Objective

The fund aims to generate competitive Shari'a compliant returns on the money invested.

Fund Strategy

The fund will invest in short and medium term Shari'a compliant instruments, Wakalah and Murabaha deposits with banks, and high quality government and/or corporate Sukuk. The fund may also invest in other investment funds that have a similar investment objective.

Fund Investments

  • Invests in short and medium term Shari'a compliant instruments.

Why Boubyan KD Money Market Fund II ?

  • High liquidity with competitive returns
  • High quality investments
  • Flexible online subscriptions and redemptions

NAV KD 1.01738 as of 12 / 12 / 2017

Performance Fund
Annualized Return Since Inception 1.279%
Annualized YTD Return 1.362%
One Week Annualized Return 1.580%

 

Executive Committee

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

Fund Facts

Fund Structure Open-Ended
Fund Type Money market fund
Currency Kuwaiti Dinars
Liquidity Weekly
Capital Variable ( from KD 5 million to 1.5 billion)
Minimum Subscription KD 10,000 with multiples of KD 1,000 thereafter
Subscription fees None
Redemption fees None
Management fees Up to 1% of the Net Asset Value
Performance fees None
Fund manager Boubyan Capital Investment Company K.S.C.C.
Distributer Boubyan Bank K.S.C.
Custodian & Investment Controller Gulf Custody Company K.S.C.C.
Shari'a Auditor Legitimate Audit House Company K.S.C.C.
Auditor KPMG Safi Al-Mutawa & Partners

 

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A Shariah Compliant Investment Company