The fund aims to realize returns on the invested amounts (in a Sharia-compliant manner) through investing in short and medium-term cash instruments, deposits with banks, Islamic sukuk offered by governmental authorities or high-quality companies to ensure high liquidity and low risk. The Fund may also invest in other money market funds with similar investment objectives.
NAV
Weekly Annualized Return
Annualized YTD return
Return Since Inception
| Fund Type | : Public |
| Fund Structure | : Open-Ended |
| Inception Date | : August 2019 |
| Fund Tenor | : 15 calendar years (renewable) |
| Domicile | : Kuwait |
| Nominal Unit Value | : 1 unit = 1KD (Subsription/Redemption based on NAV) |
| Periodic NAV Calculation | : Weekly on Tuesday |
| Subscription/Redemption Cycle | : Weekly on Monday |
| Subscription/Redemption Fee | : None |
| Minimum Subscription | : KWD 1,000 |
