Boubyan USD Liquidity Fund
Providing Shariah-Compliant competitive returns as the Fund seeks to increase the Net Asset Value while realizing a high liquidity level.
- Badria Hamad Al Humaidhi
- Asok Kumar Ayinikkal
- Mohammad Mane Alajmi
- Omar Abdulaziz AlRasheed
Net Asset Value (NAV): USD 11.3387
|Performance (as of 19-September-2023)|
|Annualized 1 Week Return||4.000%|
|Annualized 1 Month Return||3.992%|
|Annualized 3 Months Return||3.909%|
|Annualized 6 Months Return||3.793%|
|Annualized YTD Return||3.626%|
|Annualized Return Since Inception (22/05/2014)||1.414%|
|Cumulative YTD Return||2.639%|
|Cumulative 1 Year Return||3.335%|
|Cumulative 2 Years Return||4.206%|
|Cumulative 3 Years Return||4.775%|
|Cumulative 5 Years Return||9.047%|
|Cumulative Return Since Inception (22/05/2014)||13.387%|
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 USD Liquidity Fund?
- Potential returns higher than one month USD fixed deposit rate.
- High quality and low risk investments.
- Flexible online subscriptions and redemptions
- Weekly liquidity
|Capital||Variable (from USD 18 million to 360 million)|
|Minimum subscription||USD 1,000|
|Management fees||Up to 1% per annum|
|Fund manager||Boubyan Capital Investment Company K.S.C.C.|
|Promoter||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||Ernst & Young|