 Money Market Funds
Equity Funds
Ijara Funds
Alternative Funds
Multi Asset Funds
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Fund Objective:
The Watani USD Money Market Fund According to Islamic Shariah Principles is an open-ended fund, which aims to generate returns that are in excess of the USD Fixed Deposit rates. This will be achieved through investing in high-quality money market instruments such as murabaha transactions and Ijara according to Islamic Shariah priniciples.
Investment Feature:
• Potential returns higher than Fixed Deposits .
• Easy weekly access to your money .
• High-quality securities.
• Low risk investment.
• Islamic Shariah compliant investment.
Fund Facts |
| Fund structure: |
Open-ended fund |
| Currency: |
US Dollar |
| Inception Date: |
September 23, 2007 |
| Liquidity: |
Weekly |
| Minimum Investment: |
USD 25,000 with additional investment multiples of USD 1,000 |
| Sale Charge: |
None |
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| Management Fee: |
up to 0.75% per annum |
| Manager: |
NBK Global Asset Management Company Limited |
| Distributor: |
National Bank of Kuwait S.A.K |
| Risk Level: |
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