Tharwa Islamic Fund
THARWA ISLAMIC FUND
NAV as on 24/11/2022 : 0.813

This fund invests in listed companies on the Kuwait, GCC and MENA Stock Exchanges that adhere to the principals of Islamic Shariah, offering a weekly exit for investors.

Fund Name Tharwa Islamic Fund
Starting date 16/04/2007
Fund Duration 15 Years(Renewable for similar Period)
Fund Capital 2 million to 100 million KD
Fund Manager Tharwa Investment Co.
Investment Controller & Custodian Kuwait Clearing Co.
External Auditor Qais M. Al Nisf- BDO al nisf & partners
Minimum Investment 1000 Unit.
Additional Investment Multiples of 1 Unit.
Fund Currency K.D.
Valuation of Net Asset Value ( NAV ) Weekly-Last Official Working Day 
Entry (Subscription)* Weekly
Exit (Redemption)* Weekly
Subscription Fee 0.25%
Subscription & Redepmtion Period Till 10:00 AM from the day before evaluation of NAV
Redemption Fee 0.25%
Management Fee 1.75%
Investment Controller & Custodian Fee 0.125%
External Sharia Auditing Office Raqaba Globel for shari’a consultation
Executive Committee
  Barrak M. Al-Usaimi
Executive Committee Members Abdullatif Al-Muzaini
  Bader H. Al-Ghanim
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