Boubyan KD Money Market Fund II
Fund Objective
Providing Shariah-Compliant competitive returns as the Fund seeks to increase the Net Asset Value while realizing a high liquidity level.
Executive Committee
- Badria Hamad Al Humaidhi
- Asok Kumar Ayinikkal
- Mohammad Mane Alajmi
- Omar Abdulaziz AlRasheed
Net Asset Value (NAV): KWD 1.18931
Performance (as of 23-April-2024) | |
Annualized 1 Week Return | 4.000% |
Annualized 1 Month Return | 4.004% |
Annualized 3 Months Return | 4.092% |
Annualized 6 Months Return | 4.203% |
Annualized YTD Return | 4.188% |
Annualized Return Since Inception (03/08/2016) | 2.408% |
Cumulative YTD Return | 1.870% |
Cumulative 1 Year Return | 4.251% |
Cumulative 2 Years Return | 7.395% |
Cumulative 3 Years Return | 9.078% |
Cumulative 5 Years Return | 13.305% |
Cumulative Return Since Inception (03/08/2016) | 18.931% |
Monthly Report
Subscription Form
Articles of Association
Fund Strategy
The fund will invest in short and medium term Shariah-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.
Why invest in the Boubyan KD Money Market Fund II?
- Potential returns higher than one month KD fixed deposit rate.
- High quality and low risk investments.
- Flexible online subscriptions and redemptions
- Weekly liquidity
Fund Facts
Fund structure | Open-ended |
Fund type | Money market fund |
Currency | Kuwaiti Dinar |
Liquidity | Weekly |
Capital | Variable (from KD 5 million to 1.5 billion) |
Minimum subscription | KD 1,000 with any additional amount 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. |
Distributor | Boubyan Bank K.S.C. |
Custodian & investment controller | Gulf Custody Company K.S.C.C. |
Shari'a auditor | Al-Mashora & Al-Raya for Islamic Financial Consulting |
Auditor | KPMG Safi Al-Mutawa & Partners |