Boubyan KD Money Market Fund II
The fund aims to generate competitive Shari'a compliant returns on the money invested.
- Badria Hamad Al Humaidhi
- Hadi Oussama Salame
- Asok Kumar Ayinikkal
- Ali Habeeb Atesh
Net Asset Value (NAV): KD 1.06878
|Performance (as of 18-Feb-2020)|
|Annualized Return Since Inception||1.940%|
|Annualized YTD Return||2.568%|
|One-Week Annualized Return||2.450%|
|Fund type||Money market fund|
|Capital||Variable (from KD 5 million to 1.5 billion)|
|Minimum subscription||KD 10,000 with any additional amount thereafter|
|Management fees||Up to 1% of the Net Asset Value|
|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||Legitimate Audit House Company K.S.C.C.|
|Auditor||KPMG Safi Al-Mutawa & Partners|
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.
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