Lulwa KD Money Market Fund According to Islamic Sharia Principles

Overview

The Lulwa KD Money Market Fund is a Sharia Compliant fund that offers individual and institutional clients an attractive and low-risk investment opportunity to help them better utilize their excess cash and potentially achieve higher returns than fixed deposits.

Investment Features

Potential higher returns than Fixed Deposits

Stable and modest returns

Highly liquid

Low- risk investment

Performance

First Financial Year

Annualized 3 Years (Since Inception)

Annualized 6 Years (Since Inception)

End of Q4 2024 (Since Inception)

Cumulative Return (Since Inception)

Annualized Return (Since Inception)

One Week Annualized Return

Fund Facts

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

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

22085500, complaints@investgb.com

Fund Manager Address

AlHamra Tower, Kuwait City Block 8, AlShuhada Street 37th Floor, Offices B

Related Documents

Articles of Association

Prospectus

Management Team

Tareq AlSaleh

Acting Chief Investments Officer & Managing Director – Wealth Management

Talal AlKhamis

Director – Regional Equities & Fixed Income

Stephanie Mamo

Vice President – Regional Equities & Fixed Income

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