Tharwa Islamic Fund
THARWA ISLAMIC FUND
NAV as on 14/11/2019 : 0.692

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
  Sami I. Al-Hasawi
Executive Committee Members Khaled A. Al-Fares
  Abdullateef Al-Muzaini
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