Home Investments Boubyan KD Money Market Fund II

Boubyan KD Money Market Fund II

Wakalah and Murabaha based principles to better your investment funds

Fund Objective

The fund aims to generate competitive Shari'a compliant returns on the money invested.

Executive Committee

  • Badria Hamad Al Humaidhi
  • Asok Kumar Ayinikkal
  • Ali Habeeb Atesh
  • Mohammad Mane Alajmi

Net Asset Value (NAV): KWD 1.09465

Performance (as of 21-Sep-2021)  
Annualized 1 Week Return 1.450%
Annualized 1 Month Return 1.451%
Annualized 3 Months Return 1.386%
Annualized 6 Months Return 1.319%
12 Months Return 1.298%
Annualized YTD Return 1.287%
Cumulative YTD Return 0.931%
3 Years Cumulative Return 6.076%
Annualized Return Since Inception (03/08/2016) 1.842%
Cumulative Return Since Inception (03/08/2016) 9.465%

 

Monthly Report

Articles of Association

Subscription Application

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

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