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Watani KD Money Market Fund According to Islamic Shariah Principles II

Overview

Objective

The Fund seeks to achieve competitive returns by investing in short and medium term financial instruments that are compliant with the Islamic Shariah and are available in the financial market, such as the instruments arising from murabaha operations (involvement in this activity does not result in any direct or indirect financing). The Fund may invest in other investment funds whose investment objectives are similar to those of the Fund and that are compliant with the Islamic
Shariah to the extent that they do not conflict with the investment methods and policies specified in Article 25 hereof. All the instruments in which the Fund will invest in should comply with the provisions of Islamic Shariah as determined by the Fund’s External Shariah Audit Office. The Fund will seek to maximize its net asset value while maintaining a high level of liquidity by investing in high-quality instruments. The instruments in which the Fund will invest in are denominated in Kuwaiti Dinar. The Fund has the right to invest in instruments denominated in other currencies.

Investment Features

  • Potential returns higher than Fixed Deposits
  • Easy weekly access to your money
  • High-quality securities
  • Low risk investment
Performance As of 17 January 2017Fund
First Financial Year Return1.16%
End of Q3'16 Return Since Inception2.04%
 

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