The Fund aims at investing the Fund capital in the shares of listed and non-listed companies in the stock exchange market, inside the State of Kuwait and the GCC, and at investing the cash available in the appropriate Islamic financial investment tools that do not entail funding purposes according to what is deemed appropriate by the Fund Manager and that in order to realize good returns to subscribers according to the rules and conditions mentioned in the Articles of Association of the Fund and according to the legal regulations approved by the Fatwa and Shariah Supervisory Board to the Fund.
| Date of Establishment |
: |
12 August 2002 |
| 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 |
: |
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 |
: |
2% annually |
| Redemption |
: |
Semi-Annual (June-December) |
| Minimum Redemption |
: |
1,000 units and its multiples |
| Redemption Fees |
: |
None |