Consistent Growth for Al Dawli Invest Islamic KD Money Market Fund

Strategic Insights -

The Al Dawli Invest Islamic KD Money Market Fund, managed by Al Dawli Invest Investment Company K.S.C.C. (Closed), has shown significant growth since its incorporation in March 2025. The fund, following Sharia-compliant principles, focuses on providing competitive returns through investments in short and medium-term money market instruments. As of June 30, 2025, the fund reported a net asset value of KWD 5.28 million, with a total of 5,220,099 units held.

Key Takeaways:

  • The Al Dawli Invest Islamic KD Money Market Fund was incorporated on March 13, 2025, and is set for a 10-year term, renewable upon approval by the relevant authorities.
  • The fund aims to provide competitive returns through investments in highly liquid short and medium-term money market instruments, prioritizing capital preservation in adherence to Islamic Sharia principles.
  • As of June 30, 2025, the fund reported a net value of assets amounting to KWD 5.28 million, with each unit valued at approximately KWD 1.01.
  • The fund's investments are reviewed by an external Sharia auditor to ensure compliance with Islamic principles and focus on maximizing yield by allocating assets to term deposits with local banks.
  • The fund currently holds 5,220,099 units, with a minimum initial subscription of KD 1,000, and subsequent investments permissible in multiples of KD 10.
  • Investors are restricted from holding more than 50% of the fund's issued capital.

Statistics:

  • Net asset value: KWD 5.28 million (as of June 30, 2025)
  • Number of units held: 5,220,099 (as of June 30, 2025)
  • Unit value: approximately KWD 1.01 (as of June 30, 2025)
  • 10-year term of the fund, renewable upon approval by the relevant authorities

Sources:

  • Boursa Kuwait