The fund seeks to achieve competitive returns by investing in short and medium-term financial instruments that are compliant with the Islamic Shariah and are available in the financial market, such as the instruments arising from murabaha operations (involvement in this activity does not result in any direct or indirect financing).
The fund may invest in other investment funds whose investment objectives are similar to those of the fund and that are compliant with the Islamic Shariah to the extent that they do not conflict with the investment methods and policies specified in the Articles of Association. All the instruments in which the fund will invest in should comply with the provisions of Islamic Shariah as determined by the fund’s External Shariah Audit Office.
The fund will seek to maximize its net asset value while maintaining a high level of liquidity by investing in high-quality instruments. The instruments in which the fund will invest in are denominated in Kuwaiti Dinar. The fund has the right to invest in instruments denominated in other currencies.
NAV KD
As of 14 Jun 2022
As of 14 Jun 2022
Performance | Fund |
---|---|
First Financial Year | 1.16% |
Annualized 3 Years (Since Inception) | 0.85% |
Annualized 6 Years (Since Inception) | 1.55% |
End of First Quarter 2022 (Since Inception) | 10.65% |
Cumulative Return Since Inception | 10.86% |
Annualized Return Since Inception | 1.30% |
Fund Structure:
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Domicile of the Fund:
Fund Manager Contact:
Managing Director – Structured Investments & Advisory
Director – Structured Investments & Advisory
Vice President – Structured Investments & Advisory
Floor 35, NBK Tower, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Sharq, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait