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Boubyan KD Money Market Fund

Fund Strategy:

The investment objective of the Fund is to achieve a competitive return by investing in short and medium term, Sharia compliant instrument that are available in the financial market, such as murabaha transactions (cost plus financing) and Ijara. The Fund may also invest in other investment funds that have the same investment objective. All instruments in which the Fund invests must comply with Islamic Shariah as determined by the Fund Company's Shariah Board. The Fund will seek to increase its Net Asset Value while achieving a high level of liquidity by investing in high-quality instruments.

Investment Features:

    • Competitive returns
    • Weekly liquidity
    • High-quality securities
    • Low risk investment
    • Islamic Shariah compliant investment
    • Kuwaiti Dinar denominated Fund

NAV KD 1.06051 as of 17/01/2017

Performance Fund
Annualized Return Since Inception 1.052%
Annualized YTD Return 0.779%
One Week Annualized Return 0.759%

Fund Facts:

Fund Structure Open Ended
Inception Date 19 April 2011
Currency Kuwaiti Dinar
Unit Price 1KD Per unit
Minimum Investment Individuals KD 30,000; with additional investment in multiples of KD 1,000
Subscription Fee None
Management Fee up to 1%
Distributor Bank Boubyan K.S.C
Distribution & Redemption Weekly
Auditor Ernst & Young (Cayman Islands)

Fund Factsheet

How To Subscription and Redeem Using Online and Mobile Banking

Fund Objective

The fund aims to generate competitive Shari’a compliant returns on the money invested.

Fund Strategy

The fund will invest in short and medium term Shari’a 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.

Fund Investments

  • Invests in short and medium term Shari’a compliant instruments.

Why Boubyan KD Money Market Fund II?

  • High liquidity with competitive returns
  • High quality investments.
  • Flexible online subscriptions and redemptions

NAV KD 1.00496 as of 17/01/2017

Fund

Performance

1.085%

Annualized Return Since Inception

1.172%

Annualized YTD Return

1.175%

One Week Annualized Return

 

Facts:

Open-ended

Structure:

Money market fund

Fund Type:

Kuwaiti Dinars

Currency:

Weekly

Liquidity:

Variable ( from KD 5 million to 1.5 billion)

Capital:

KD 10,000 with multiples of KD 1,000 thereafter

Minimum Subscription:        

None

Subscription fees:

None

Redemption fees:

Up to 1% of the Net Asset Value

Management fees:

None

Performance fees:

Boubyan Capital Investment Company K.S.C.C.

Fund manager:

Boubyan Bank K.S.C.

Distributer:

Gulf Custody Company K.S.C.C.

Custodian & Investment Controller:

Legitimate Audit House Company K.S.C.C.

Shari’a Auditor:

KPMG Safi Al-Mutawa & Partners

Auditor:

 

Executive Committee

Saleh Ahmed Al Ateeqi

Badria Hamad Al Humaidhi

Hadi Ousama Salame

Asok Kumar

Ali Habeeb Atesh

 

 

 

 

 

 

 

 

 

 

Articles of Association

Subscription form

Fund Factsheet

How To Subscription and Redeem Using Online and Mobile Banking

Boubyan USD Liquidity Fund

Fund Objective:

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

Fund Strategy:

An open-end fund that allows entry and exit of investors with the aim of realizing competitive returns.

Fund Investments

  • The Fund will invest in Shari’a-compliant short and medium-term money market instruments available in the financial market which have low risk and high liquidity, including:
    • Deposits and equivalents in Islamic banks
    • Treasury bills and bonds issued by banks and companies, whether in Kuwaiti Dinar or a foreign currency
    • Certificates of deposits, repurchase agreements, sukuk or any other instruments
    • The Fund will seek to increase its Net Asset Value while realizing a high liquidity rate by investing in high-quality instruments.

Why Boubyan USD Liquidity Fund?

    •  Investments in US Dollar
    • Prospective competitive returns higher than one-month fixed deposits
    •  Weekly redemption
    •  Investment in high-quality money market securities
    •  Low risk investment fund
    • All investments are Shari’a-compliant
    • An open-end fund that allows entry and exit throughout its Term

NAV USD 10.1792 as of 17/01/2017

Performance Fund
Annualized Return Since Inception 0.664%
Annualized YTD Return 0.873%
Weekly Annualized Return 0.880%

Fund Facts:

Fund Structure Open-end fund
End Date of Initial Subscription Period 08/05/2014
Currency US Dollar
Capital Variable (from USD 18 million to 360 million)
Minimum Subscription USD 10,000 
Subscription Fees None
Management Fees Up to 1% per annum
Fund Manager Boubyan Capital Investment Company K.S.C.C.
Promoter Boubyan Bank K.S.C.
Investment Advisor Boubyan Bank K.S.C.
Custodian & Investment Controller Kuwait Clearing Company K.S.C.C.
Shari’a Auditor Legitimate Audit House Company
Auditor Ernst & Young

 

Executive Committee

Saleh Ahmed Al Ateeqi
Badria Hamad Al Humaidhi
Hadi Ousama Salame
Asok Kumar
Ali Habeeb Atesh

Articles of Association

Fund Factsheet

Subscription Form

Boubyan Real Estate Sukuk Fund

Fund Strategy:

To provide investors with a unique opportunity to invest in the Mecca hotel industry during the Hajj season.

Fund Facts: 

Fund Tenure 12 Years
Unit Price USD 491.32 as of 12th November 2015 (30th Muharram 1437 Hijri)
Distribution Annually after the Hajj season

Fund Objective & Strategy

The Fund seeks to realize Shari’a compliant returns by investing in income generating properties in Kuwait. The Fund will endeavor to distribute to unit holders the net rental profits after each quarter in addition to any net profits from the sale of the fund’s assets.

Fund Features

  • Direct ownership in a sector diversified portfolio of Kuwaiti real estate
  • Quarterly net profit distributions
  • Potential gains upon sale of the properties at fund expiration

NAV KD 1.020 as of 31/12/2015

Fund Facts

Fund structure

Close ended – Private Placement

Date of inception

11-Jun-14

NAV at inception

1.0000

Currency

KWD

Minimum investment 

KWD 100 thousand (and multiples of KD 5 thousand thereafter)

Distributions 

Quarterly

Capital

KWD 15.405 million

Fund term

5 years that are extendable for two periods (1 year each).

Subscription fees

2%

Management fees

Up to 1.5% of NAV per annum

Performance fees

20% of distributions that exceed an IRR of 8%

Property revaluation dates

June & December

Fund domicile

Kuwait

Fund manager

Boubyan capital investment company K.S.C.C.

Distributer

Boubyan bank K.S.C.

Custodian and  investment controller

Kuwait clearing company  K.S.C.C.

Shari’ah Auditor

Al Siraj company for advising services

External Auditor

Ernst & Young

Disclaimer – Boubyan Kuwait Real Estate Fund is a private closed ended fund. This fact sheet is prepared and circulated to current investors in the Fund. This document is not an invitation to subscribe to units of any investment fund or program therein.

Fund Objective

The fund aims to achieve a return on the money invested in a manner consistent with the provisions of Islamic Sharia, through pooling funds from investors in order to invest on their behalf in other Islamic investment funds, licensed and monitored by the official supervisory authorities in the country of origin.

Fund Strategy

An open-ended fund that allows investors to enter and exit monthly, while aiming to achieve competitive returns.

NAV USD 10.03 as of 31/10/2016

Performance

Annualized Return Since Inception

0.61%

Annualized YTD Return

0.61%

Cumulative One Month return

-1.59%

Facts:

Open-ended

Structure

Fund of Funds, which aims to invest in other licensed funds

Fund Type

US Dollar

Currency

Monthly

Liquidity

End of every month

NAV calculation date

Variable ( from USD 18 million to 1,000 million)

Capital

USD 5,000 with multiples of USD 250 thereafter

Minimum Subscription

None

Subscription fees

None

Redemption fees

1% of the Net Asset Value

Management fees

None

Performance fees

.Boubyan Capital Investment Company K.S.C.C

Fund manager

Franklin Templeton Investments (UK)

Sub-manager

.Boubyan Bank K.S.C

Distributer

.Gulf Custody Company K.S.C.C

Custodian & Investment Controller

.Legitimate Audit House Company K.S.C.C

Shari’a Auditor

KPMG Safi Al-Mutawa & Partners

Auditor

 

Executive Committee

Saleh Ahmed Al Ateeqi

Badria Hamad Al Humaidhi

Hadi Ousama Salame

Asok Kumar

Ali Habeeb Atesh

Fund Factsheet

Articles of Association

Commentary

Subscription Form

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