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Fund Objective
To provide investors an opportunity to benefit from investing in
this relatively liquid & Shari'a compliant Fund and achieve relatively
superior returns within the acceptable risk parameters.
Fund Features
• Shari'a Compliancy
• Liquidity
• Safety
• Stability
• Diversification
Fund Scope
• The Fund invests in short and long term
Islamic investments locally and internationally
Investments include:-
• Islamic Money Market Funds
• Short term Islamic instruments such as
Wakalas and Murabahas
• Corporate Sukuks
Fund Description
• Open Ended Fund
• Life of the Fund is 10 years
• Fund's capital will be in the range of
KD 5 Million to 100 Million
• Minimum subscription is 5,000 units
Client Assurance
• CBK will maintain a minimum 5%
investment in the Fund at all times.
Fees
• Management Fee 0.5%
• Custody Fee 0.08%
• No Subscription Fee
• No Redemption Fee
Subscription / Redemption
• Subscription & Redemption is available on a weekly
basis every Tuesday.
• Subscription applications can be submitted till Tuesday (NAV day) not later than 1 p.m.
• Redemption applications must be submitted 2
working days prior to Tuesday (NAV day).
Target Clients
• The Fund is open for Institutional investors,
Kuwaitis and Expatriates.
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