The Fund’s Objective: Investing in favor of Kuwaiti citizens, GCC citizens and foreigners, either individuals or companies, according to the laws, to the purpose of capital appreciation in the medium and long run, through creating balanced investment basket which tends to invest in non-listed local and global Islamic shareholding companies. The fund is also intended to participate in the establishment of companies through the fund manager since he is the legal representative of the fund in his relations with third parties. Such companies are most likely expected to be listed on organized financial markets according to a determined schedule, the fund manager may deem appropriate. Besides, the fund investments occur exclusively in compliance with Sharia’a principles adopted by the Sharia Supervisory Board of the Fund.
The Fund’s Capital: Variable, ranges between KD 5,000,000 (Five Million Kuwaiti Dinars) distributed among five million units, and KD 50,000,000 (Fifty Million Kuwaiti Dinars) distributed among fifty million units
Nominal Value of Investment Units: the fund’s investment units are nominal, and its value varies on a monthly bases based on the next month value.
Minimum and Maximum Subscription Limit: The minimum subscription limit is 1,000 units, and the maximum subscription limit is 50% of the total issued units.
Fund’s Manager: Al-Madina For Finance & Investment Company.
Investment Trustee: Kuwait Clearing Company
Sharia’a Supervisory Board: All fund operations and purposes are executed in accordance with the provisions of Islamic Sharia’a, also the Sharia’a Supervisory Board monitors the funds activities and has the right to access and review the contracts and transactions conducted by the fund at any time.