| Inception Date |
Net Asset Value Per Unit (KD) |
As of | Annualized (%) |
Weekly Rate of Return (%) |
Monthly Rate of Return (%) |
Fund Size (KD) |
|---|---|---|---|---|---|---|
| 02/01/2008 | 0.736645 | 09-MAR-10 | -59.22% | -11.42% | 0.00% | 3.6 Million |
| Fund Manager | Commercial Bank of Kuwait |
|---|---|
| Custodian | Gulf Custody Company |
| Selling Agent | Commercial Bank of Kuwait |
| Auditors | Bader & Co pricewaterhousecoopers |
Monthly Factsheets
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
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
Fees
• Management Fee 0.5%
• Custody Fee 0.08%
• No Subscription Fee
• No Redemption Fee
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
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).
Client Assurance
• CBK will maintain a minimum 5%
investment in the Fund at all times.
Target Clients
• The Fund is open for Institutional investors,
Kuwaitis and Expatriates.
For any inquiries or Information about the Fund, please contact | For any inquiries related to Subscription/Redemption, please contact | ||||||||||||||||
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