Tharwa Islamic Fund
THARWA ISLAMIC FUND
NAV as on 05/05/2022 : 0.967
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 |
| Fund Capital | 5 million to 100 million KD |
| Fund Manager | Tharwa Investment Co. |
| Custodian | Kuwait Clearing Co. |
| External Auditor | Faisal Saqer AlSaqer – 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% |
| Custodian Fee | 0.125% |
| Sharia Supervisory Authorities | 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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