The Fund aims at investing the Fund's Capital in the shares of listed and un-listed companies in the stock market inside the State of Kuwait, abroad and in the GCC. Moreover, it aims at investing 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 in order to achieve good returns for subscribers according to the rules and regulations mentioned in the Articles of Association of the Fund approved by the Fatwa and Shariah Supervisory Board.
| Date of Establishment |
: |
09 October 2004 |
| 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 |
: |
0.5% |
| Evaluation |
: |
Monthly |
| Redemption |
| Management Fees |
: |
1.5% annually |
| Redemption |
: |
Monthly |
| Minimum Redemption |
: |
1,000 units and its multiples |
| Redemption Fees |
: |
none |
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