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
Net Asset Value (NAV): KWD 1.11778
|Performance (as of 22-Nov-2022)|
|Annualized 1 Week Return||2.800%|
|Annualized 1 Month Return||2.684%|
|Annualized 3 Months Return||2.340%|
|Annualized 6 Months Return||2.073%|
|Annualized YTD Return||1.885%|
|Annualized Return Since Inception (03/08/2016)||1.867%|
|Cumulative YTD Return||1.684%|
|Cumulative 1 Year Return||1.848%|
|Cumulative 2 Years Return||3.199%|
|Cumulative 3 Years Return||5.210%|
|Cumulative 5 Years Return||9.967%|
|Cumulative Return Since Inception (03/08/2016)||11.778%|
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|