The Al Bader Islamic GCC Equity Fund aims to grow investors’ capital by investing in
the shares of leading, high-growth companies listed, or expected to be listed, on GCC
capital markets. Every holding is vetted against a Sharia-compliant stock list from a
specialized Sharia advisory office, so your portfolio grows without compromise.
Performance is measured against the S&P GCC Composite Sharia LargeMid 5/10/40
Capped Index (KWD), keeping the fund accountable to a clear benchmark.
Asset Class
Money Market Fund
Fund Name
Lulwa KD Money Market Fund According to Islamic Sharia Principles
Fund Structure
Open-ended
Minimum Investment
KD 1,000 and in increments of KD 1 thereafter
Liquidity
Weekly
Inception Date
March 11, 2025
Fund Size
Minimum KD 2 million, maximum KD 500 Million
Fund tenor
15 years, renewable
Subscription/Redemption Deadline
Every Monday at 12 noon
NAV calculation
Every Tuesday
Management Fee
Up to 1%
Fund Manager
Gulf Capital Investment Company K.S.C.C.
Selling Agent
Gulf Bank K.S.C.P.
Custodian and Investment Controller
Gulf Custody Company
Investment Controller’s Fee
0.05% of the Fund’s Net Asset Value until KD15 million
0.035% of the Fund’s Net Asset Value for the amount above KD15 million until KD40 million
0.02% of the Fund’s Net Asset Value for any amount above KD40 million
Fees of the Custodian
0.05% of the Fund’s Net Asset Value until KD15 million
0.035% of the Fund’s Net Asset Value for the amount above KD15 million until KD40 million
0.02% of the Fund’s Net Asset Value for any amount above KD40 million
Auditor
BDO- Al Nisf and Partners
Fund Regulator
Capital Markets Authority
Domicile of the Fund
Kuwait
Fund Manager Contact
22085482, fundadmin@investgb.com
Fund Manager Address
AlHamra Tower, Kuwait City Block 8, AlShuhada Street 37th Floor, Offices B
