Gulf Capital Investment Company Launches Shariah-Compliant Money Market Fund

Strategic Insights -

Gulf Capital Investment Company has launched a Shariah-compliant investment fund, the Lulwa USD Money Market Fund, targeting individual and institutional investors. The fund has a variable capital ranging from USD 7 million to USD 1 billion and offers weekly liquidity. The investment strategy focuses on short-term, low-risk financial instruments, including deposits with Shariah-compliant banks and Sukuk. The fund's minimum subscription amount is USD 3,000, and it aims to provide a low-risk, highly liquid investment solution in US dollars.

Key Takeaways:

  • The Lulwa USD Money Market Fund is a Shariah-compliant investment fund launched by Gulf Capital Investment Company with a variable capital ranging from USD 7 million to USD 1 billion.
  • The fund aims to provide a low-risk, highly liquid investment solution in US dollars with weekly liquidity, targeting individual and institutional investors inside and outside Kuwait.
  • The minimum subscription amount is USD 3,000, and the fund's investment strategy focuses on short-term, low-risk financial instruments, including deposits with Shariah-compliant banks and Sukuk.
  • The fund is open to both individual and institutional investors inside and outside Kuwait, including non-Kuwaiti investors, whether residents or non-residents, as well as Kuwaiti, GCC, and foreign companies and institutions operating within or outside the State of Kuwait.
  • The fund's investment strategy will focus on short-term, low-risk financial instruments, including deposits with Shariah-compliant banks, Sukuk issued by governments, banks, and investment grade companies (rated BBB or higher), and deposits with licensed money market funds approved by the Capital Markets Authority or by a foreign regulatory authority.
  • The launch of the Lulwa USD Money Market Fund follows the strong performance of the Lulwa KD Money Market Fund, which recorded a Net Asset Value (NAV) of KD 1.00925, an annualized return of 3.07% since its inception in mid-March 2025, and a monthly annualized return of 3.56% as of June 30, 2025.

Statistics:

  • Variable capital of the Lulwa USD Money Market Fund: USD 7 million to USD 1 billion
  • Minimum subscription amount: USD 3,000
  • Net Asset Value (NAV) of Lulwa KD Money Market Fund: KD 1.00925 as of June 30, 2025
  • Annualized return of Lulwa KD Money Market Fund since inception (mid-March 2025): 3.07%
  • Monthly annualized return of Lulwa KD Money Market Fund as of June 30, 2025: 3.56%

Sources:

  • Gulf Bank (July 1)
  • Contify.com (2017)