Boubyan KD Money Market Fund II
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): KWD 1.1527
|Performance (as of 12-September-2023)|
|Annualized 1 Week Return||4.200%|
|Annualized 1 Month Return||4.192%|
|Annualized 3 Months Return||4.178%|
|Annualized 6 Months Return||4.080%|
|Annualized YTD Return||3.977%|
|Annualized Return Since Inception (03/08/2016)||2.147%|
|Cumulative YTD Return||2.779%|
|Cumulative 1 Year Return||3.604%|
|Cumulative 2 Years Return||5.333%|
|Cumulative 3 Years Return||6.698%|
|Cumulative 5 Years Return||11.740%|
|Cumulative Return Since Inception (03/08/2016)||15.270%|
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 type||Money market fund|
|Capital||Variable (from KD 5 million to 1.5 billion)|
|Minimum subscription||KD 1,000 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||Al-Mashora & Al-Raya for Islamic Financial Consulting|
|Auditor||KPMG Safi Al-Mutawa & Partners|