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← Go to home:  MENA Funds  |  Global Islamic Funds

Al Dar Money Market 

Shariah Compliant | Also known as: Al Dar MM | NAV 0.737 KWD   + 0.003  - 0.35%  (11 Aug 2014)


Fund Facts

Status Active
Geographic Focus Kuwait
Domicile Kuwait
Lipper Global Money Market KWD
Inception Date April  2004

Investment Strategy

The Objective of the Fund is to achieve financial returns competitive to the conventional short and medium-term financial instruments available in the Kuwaiti market, in accordance with Islamic Shari'ah principles. These financial instruments include governmental legitimate speculation bonds (soukouk mudharabah), Islamic bonds issued by institutions, banks or companies denominated in Kuwaiti dinar or in any other currency, as well as other forms of investment in financial instruments available inside and outside of Kuwait

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