Fund’s Name:Capital:Unit Nominal Value:Fund Start Date:Term:Minimum Subscription:Maximum Subscription:Redemption Commission:Net Asset Value:Trading:Profit DistributionManagement Fee:Investment Manager Fee:Custodian Fee:
Al-Muthanna FundKWD 5 million to KWD 50 million, denominated into nominal unitsKWD 1.000April 03, 200110 years open ended, renewable subject to majority approval1,000 units10,000,000 unitsUp to 0.5% on amounts equivalent to KD 100,000 or more which
are invested for less than 30 days and without prior notice of
the investment period.Calculated on a weekly basisWeeklyFund’s Manager, based on their discretion, may distribute someof the profits after the end of financial year1.00% of NAV per annum, payable monthly0.5% of NAV per annum, payable monthly by the Manager0.125% of NAV per annum, payable quarterly up to the first
KWD 10,000,000 of capital (see prospectus.)
ObjectivesThe Fund aims to achieve returns competitive to conventional money market instruments of short and medium term available in the Kuwaiti market by investing in Shari' a compliant financial instruments.Investment PolicyThe Fund’s assets will be invested in accordance with the terms and guidelines of this Prospectus, the Articles of Association and the Shari’s Supervisory Committee of the Fund, in all financial instruments including Shari’s compliant debt instruments (Sukook) issued or guaranteed by government institutions, banks, financial institutions and companies; bank deposit certificates and other types of cash instruments; through participation in private and public placements and other investment funds of similar objectives; which are available in the Kuwaiti and International markets, denominated in Kuwaiti Dinar or any other foreign currency and that the Fund Manager and the Investment Manager consider appropriate and fulfill the objectives of the Fund in terms of liquidity and suitable return to participants in the Fund.