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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% |
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 |
