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Fund Objective
To invest in income-generating real estate and real estate projects in the State of Kuwait and the GCC countries.To achieve capital appreciation and profits and pay monthly dividends. To invest surplus available funds in appropriate Shari’a-compliant financial investment instruments. All Fund activities will be conducted in accordance with Islamic Shari'a as decided by the Fund's Shari'a Committee.
Custodian: Gulf Custody Company
Fund Manager: Noor Financial Investment Company
Fund Type: Open-ended
Fund Advisor: ِ Al-inma real estate company
Fund Size: From 5 - 50 Million KD
Unit Value: KD 1 per unit, plus subscription fee.
Subscription Period: Last business day of June and December.
Redemption Period: semi-annually (June, December) with a 15 day notification period
Subscription Fees:
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Investment Amount
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Fees
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Less than KD 50,000
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2.00%
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From KD 50,000 – KD 499,999
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1.50 %
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KD 500,000 and above
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1.00 %
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Redemption Fees: 0.5% of NAV
Minimum and Maximum Subscription: The minimum subscription is 1,000 units and its multiples, and the maximum subscription is 70% of the issued units
Expected dividend: 6% - 8% in a year, paid on a monthly basis
Management Fees: 1. 25% of NAV per annum
Performance Fees: 20% of profits that exceed 8%
Shari’a Supervision Board: Al-Seraj Consulting
Auditors: BDO Burgan Al-Nisif & Partners
Contact Us:
Tel: + 965 2464 5722
E-mail: localandgcc@noorinvestment.com
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