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 1.13137
|Performance (as of 28-March-2023)|
|Annualized 1 Week Return||3.800%|
|Annualized 1 Month Return||3.779%|
|Annualized 3 Months Return||3.661%|
|Annualized 6 Months Return||3.216%|
|Annualized YTD Return||3.677%|
|Annualized Return Since Inception (03/08/2016)||1.975%|
|Cumulative YTD Return||0.876%|
|Cumulative 1 Year Return||2.524%|
|Cumulative 2 Years Return||4.011%|
|Cumulative 3 Years Return||5.612%|
|Cumulative 5 Years Return||10.671%|
|Cumulative Return Since Inception (03/08/2016)||13.137%|
Articles of Association
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|