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Islamic Funds

 

 

In addition to traditional financial activities, Wafra Company manages an Islamic Fund in compliance with Islamic Sharia through Al-Fajr Fund.

 The Fund’s objective is to achieve good returns through investing in all Companies, listed and non-listed, in the Kuwait Stock Exchange, GCC & Arabian Financial Markets that are in compliance with Islamic Sharia. Additionally, it invests available cash in various Islamic investment tools, which are in compliance with Islamic Sharia

  
 
Fund Terms 

Capital:                                  

  Variable capital ranging from KD 5 million to KD 100 million
Number of Units: 5 million to 100 million
Price of Unit: 1 KD
NAV: 0.607 (as at 30th September 2010)
Expected life of Fund: 10 years
 Participation of Fund Manager: Ranging from minimum 5% to 75% as a maximum from Fund capital
 Percentage of Participation: 1000 units as a minimum & 75% of Fund’s capital as a maximum
Subscription &  Redemption: Monthly
 Administration Team: Manie Al Sanie, Qutaibah Al-Khurafi, Saud Al-Juwaied
Auditor: Ernst & Young
Equity
Bond's
Islamic
 

Fund Reports

Fajir Fund Fact Sheet

Fajir Fund Subscription