The Fund’s objective is to seek capital appreciation through investing in Shariah-Compliant equity securities listed on BOURSA KUWAIT. The Fund may also invest the available cash in deposits with the Fund Manager and its associates/subsidiaries that practice banking activities and may invest in “Sukuk” issued or guaranteed by the Government of Kuwait. The Fund may also invest in Islamic Shariah-compliant investment funds, which meet all of the requirements of Shariah law, and the principles articulated for Islamic finance and that comply with the Fund’s Articles of Association (article 31).
The Fund adopts a balanced investment policy that aims at long-term capital appreciation and short-term returns from trading in listed securities with a minimum possible risk to accommodate the Fund's nature. The Fund Manager invests in Islamic Shariah-compliant equity securities listed on BOURSA KUWAIT. The Fund Manager can invest up to 15% of the Fund’s net assets in a single security listed on BOURSA KUWAIT given that this 15% investment limit does not exceed the security’s market weight.