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 1.17920
| Performance (as of 26-March-2024) | |
| Annualized 1 Week Return | 4.150% |
| Annualized 1 Month Return | 4.230% |
| Annualized 3 Months Return | 4.263% |
| Annualized 6 Months Return | 4.280% |
| Annualized YTD Return | 4.261% |
| Annualized Return Since Inception (03/08/2016) | 2.343% |
| Cumulative YTD Return | 1.004% |
| Cumulative 1 Year Return | 4.228% |
| Cumulative 2 Years Return | 6.892% |
| Cumulative 3 Years Return | 8.433% |
| Cumulative 5 Years Return | 12.940% |
| Cumulative Return Since Inception (03/08/2016) | 17.920% |
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 |