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 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 US Dollars. The fund has the right to invest in instruments denominated in other currencies.
NAV USD
As of 23 May 2023
As of 23 May 2023
Performance | Fund |
---|---|
Annualized 1 Week Return | 4.53% |
Annualized 1 Month Return | 4.50% |
Annualized 3 Months Return | 4.52% |
Annualized 6 Months Return | 4.43% |
Annualized YTD Return | 4.59% |
Annualized Return Since Inception | 1.09% |
Annualized 1 Year Return | 3.20% |
Annualized 3 Years Return | 1.17% |
Annualized 5 Years Return | 1.38% |
Cumulative Return Since Inception | 9.03% |
Fund Structure:
Currency:
Inception Date:
Liquidity:
Minimum Investment:
Subscription/Redemption Deadline:
Valuation Day:
Payment of Redemption Proceeds:
Management Fee:
Investment Advisor Fee:
Investment Controler’s Fees:
Fees of the Custodian:
Fund Manager:
Selling Agent:
Custodian and Investment Controller:
Auditor:
Fund Regulator:
Domicile of the Fund:
Fund Manager Contact:
Managing Director - MENA Asset Management
AVP - MENA Asset Management
Analyst - MENA Asset Management
VP - MENA Asset Management
Manager- MENA Asset Management
Manager - MENA Asset Management
Director - MENA Asset Management
AVP - MENA Asset Management
Floor 35, NBK Tower, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Sharq, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait