Fund Objective
This fund aims to develop capital by investing in buying and selling stocks listed on the Boursa Kuwait and stocks not listed in the State of Kuwait and investing the available cash in the form of deposits or their equivalent in Islamic banks. It is also permissible to invest the available cash in any instruments issued by the government of the State of Kuwait or its guarantee. It is permissible to invest in investment fund units whose activities do not conflict with the provisions of Islamic Sharia and which do not entail financing purposes, in accordance with the provisions of Islamic Sharia and what is stipulated in Article No. (15) of this law.
Fund Policy
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.