KWD 15.55 Million

Net assets

KWD 2.47

NAV/Unit*

9.16 %

Year to date

*as of 14 Nov 2024

Fund Objective

To obtain returns through investments in Islamic Sharia Equities in Boursa Kuwait

Fund Performance

Fund price performance vs benchmark

Rebased @1 KWD since inception

Benchmark changes:

• KIC Index since inception to 2012

• S&P Kuwait TR LCY from 2013

• S&P Kuwait Capped 10% TR LCY from 2014

• S&P Kuwait Domestic Liquid Capped Select Index TR KWD from June 2016

Keyfacts

KWD 15.55 Million

Net assets

KWD 2.47

NAV/Unit

Open-ended

Type

Kuwait Financial Centre K.P.S.C.

Fund manager

Oct 2003

Fund inception

1.50% of net fund income

Management Fees

-

Subscription fees

-

Redemption fees

100 Units

Min. Subscription

Weekly

Fund valuation

Gulf Custody Company

Custodian

RSM Albazie & Co.

Auditors

Portfolio

  • KFH.KW
  • ZAIN.KW
  • BOUK.KW
  • NIND.KW
  • MABK.KW
  • Banking
    37.06%
  • Telcommunications
    11.35%
  • Financial Services
    18.58%
  • Real Estate
    9.26%
  • Industrials
    14.51%
  • Consumer Discretionary
    4.82%
  • Basic Materials
    3.17%

Resources

Markaz Islamic Fund - Factsheet as of 31 Oct 2024

Markaz Islamic Fund - Factsheet Archive

Markaz Islamic Fund - Articles of Association(A)

Markaz Islamic Fund - Subscription Form

Markaz Islamic Fund Appendix to Articles of Association

Fund Executive Committee Members

Ghazi Al Osaimi

Fund executive committee member

Ghazi Al Osaimi

Ahmed Al Shalfan

Fund executive committee member

Ahmed Al Shalfan

Fahad Al Rushaid

Fund executive committee member

Fahad Al Rushaid