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Boubyan KD Money Market Fund II
Fund Objective
The fund aims to generate competitive Shari'a compliant returns on the money invested.
Executive Committee
- Badria Hamad Al Humaidhi
- Hadi Oussama Salame
- Asok Kumar Ayinikkal
- Ali Habeeb Atesh
Net Asset Value (NAV): KWD 1.08778
| Performance (as of 31-Mar-2021) | |
|---|---|
| Annualized 1 Week Return | 1.200% |
| Annualized 1 Month Return | 1.200% |
| Annualized 3 Months Return | 1.207% |
| Annualized 6 Months Return | 1.268% |
| 12 Months Return | 1.500% |
| Annualized YTD Return | 1.207% |
| Cumulative YTD Return | 0.298% |
| 3 Years Cumulative Return | 6.387% |
| Annualized Return Since Inception (03-08-2016) | 1.884% |
| Cumulative Return Since Inception (03-08-2016) | 8.778% |
Fund Strategy
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
| 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 |
