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
- Badria Hamad Al Humaidhi
- Asok Kumar Ayinikkal
- Mohammad Mane Alajmi
- Omar Abdulaziz AlRasheed
- Abdulmohsen Sameer Al Gharaballi
Net Asset Value (NAV): KWD 1.20031
| Performance (as of 03-September-2024) | |
| Annualized 1 Week Return | 4.000% |
| Annualized 1 Month Return | 4.004% |
| Annualized 3 Months Return | 4.018% |
| Annualized 6 Months Return | 4.086% |
| Annualized YTD Return | 4.155% |
| Annualized Return Since Inception (03/08/2016) | 2.476% |
| Cumulative YTD Return | 2.812% |
| Cumulative 1 Year Return | 4.214% |
| Cumulative 2 Years Return | 7.926% |
| Cumulative 3 Years Return | 9.713% |
| Cumulative 5 Years Return | 13.671% |
| Cumulative Return Since Inception (03/08/2016) | 20.031% |
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 2 Million to 1.5 Billon) |
| 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 |