Boubyan USD Liquidity Fund
As of 28/7/2015, the par value of the fund’s units have been adjusted from USD100/unit to USD10/unit. This change did not affect total value.
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): USD 11.1329
|Performance (as of 28-March-2023)|
|Annualized 1 Week Return||3.500%|
|Annualized 1 Month Return||3.404%|
|Annualized 3 Months Return||3.197%|
|Annualized 6 Months Return||2.815%|
|Annualized YTD Return||3.212%|
|Annualized Return Since Inception (22/05/2014)||1.262%|
|Cumulative YTD Return||0.776%|
|Cumulative 1 Year Return||2.015%|
|Cumulative 2 Years Return||2.570%|
|Cumulative 3 Years Return||3.494%|
|Cumulative 5 Years Return||7.971%|
|Cumulative Return Since Inception (22/05/2014)||1.152%|
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 USD Liquidity Fund?
- Potential returns higher than one month USD fixed deposit rate.
- High quality and low risk investments.
- Flexible online subscriptions and redemptions
- Weekly liquidity
|Capital||Variable (from USD 18 million to 360 million)|
|Minimum subscription||USD 1,000|
|Management fees||Up to 1% per annum|
|Fund manager||Boubyan Capital Investment Company K.S.C.C.|
|Promoter||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||Ernst & Young|