The Fund aims at increasing the invested capital by contributing in the different Islamic investment funds' units inside the State of Kuwait and abroad according to what is deemed appropriate by the Fund Manager in order to realize good returns for subscribers. In addition to investing the surplus of money available in the appropriate financial investment tools that do not entail any funding purposes. All the Fund activities shall be carried out according to the Shariah provisions.
| Date of Establishment |
: |
26 July 2006 |
| Type of Fund |
: |
Variable |
| Currency |
: |
Kuwaiti Dinar |
| Authorized Capital |
: |
From 5 to 50 million Kuwaiti Dinars |
| Fund Manager |
: |
Al Dar Asset Management Company |
| Fund duration |
: |
10 years |
| Investment Trustee |
: |
Boubyan Bank |
| Subscription |
| Right of subscription |
: |
Open for all categories and nationalities inside the State of Kuwait and abroad |
| Subscription |
: |
Monthly |
| Minimum Subscription |
: |
1,000 units and its multiples |
| Subscription Fees |
: |
to be determined by the Fund Manager |
| Evaluation |
: |
Monthly |
| Redemption |
| Management Fees |
: |
1% Annually |
| Redemption |
: |
Quarterly |
| Minimum Redemption |
: |
1,000 units and its multiples |
| Redemption Fees |
: |
0.5% |