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Boubyan KD Money Market Fund II

Fund Objective

Providing Shariah-Compliant competitive returns as the Fund seeks to increase the Net Asset Value while realizing a high liquidity level.

 

Executive Committee

  1. Badria Hamad Al Humaidhi
  2. Asok Kumar Ayinikkal
  3. Mohammad Mane Alajmi
  4. Omar Abdulaziz AlRasheed

 

Net Asset Value (NAV): KWD 1.17347

Performance (as of 13-February-2024)
Annualized 1 Week Return 4.250%
Annualized 1 Month Return 4.255%
Annualized 3 Months Return 4.271%
Annualized 6 Months Return 4.270%
Annualized YTD Return 4.259%
Annualized Return Since Inception (03/08/2016) 2.302%
Cumulative YTD Return 0.513%
Cumulative 1 Year Return 4.170%
Cumulative 2 Years Return 6.536%
Cumulative 3 Years Return 8.030%
Cumulative 5 Years Return 12.706%
Cumulative Return Since Inception (03/08/2016) 17.347%
Monthly Report
Subscription Form
Articles of Association

Fund Strategy

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 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