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The Fund aims at increasing the investor's capital by investing capital in shares of listed and un-listed companies in the stock market inside the State of Kuwait, GCC and the Arab countries according to what is deemed appropriate by the Fund Manager in order to realize good returns to subscribers, in addition to investing the surplus of money available in the appropriate financial investment tools that do not entail any financial purposes. All the Fund activities shall be carried out according to the provisions of the Islamic Shariah.
| Date of Establishment |
: |
03 October 2007 |
| Type of Fund |
: |
Variable |
| Currency |
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Kuwaiti Dinar |
| Authorized Capital |
: |
From 5 to 50 million Kuwaiti Dinars |
| Fund Manager |
: |
Al Dar Asset Management Company |
| Fund duration |
: |
10 years |
| Investment Trustee |
: |
Gulf Custody Company |
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| 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 |
: |
Monthly |
| Minimum Redemption |
: |
11,000 units and its multiples |
| Redemption Fees |
: |
0.5% |