Arab Today, arab today boubyan bank floats investment fund at kse
Last Updated : GMT 04:04:10
Arab Today, arab today
Arab Today, arab today

Boubyan Bank floats investment fund at KSE

Arab Today, arab today

Arab Today, arab today Boubyan Bank floats investment fund at KSE

KUWAIT - Arabstoday

Boubyan Bank announced Sunday that it floated an investment fund in Kuwaiti dinar at the Kuwait Stock Exchange (KSE) with the aim of promoting investment in short and medium-term available financial derivatives which comply with the rules of Islamic Sharia. Saleh Al-Ateeqi, acting Chief Executive Officer (CEO) of Boubyan Capital Investment Company, a subsidiary of Boubyan Bank, said in a statement today, that the fund aims at providing competitive returns corresponding to the rules of Islamic Shariaa through increasing the net value of assets along with achieving a high level of liquidity. Al-Ateeqi added that the fund, which is run by Boubyan Bank administration, is open to all investors to subscribe at a maximum of KD 30,000 starting from the multipliers of KD 1,000, noting that the fund will focus on investment in high-quality and low-risk securities. On the method of joining and quitting the new fund, Al-Ateeqi made clear that both subscription and refunding are available on a weekly basis in what makes the current fund a distinctive one that meets high turnout among investors. He added that the fund provides investors with flexibility like saving account with a weekly liquidity, expected competitive returns compared with returns from deposits. On the investment\'s strategy, Al-Ateeqi said that the new fund seeks to invest in short and medium-term derivatives which comply with the Islamic Sharia and are available at stock markets like deposits. He also said that the fund will not invest in any financial tool that does run counter to the Islamic Sharia, adding that subscription applications are available at all branches of Boubyan Bank which are found all over Kuwait. Boubyan Bank plans, through Boubyan Capital Company which the bank possesses hundred percent of its equities, to float several investment funds in line with the investors requirements who want to invest in accordance with the rules of Islamic Sharia, Al-Ateeqi made clear. He also said that the company\'s activities revolve around two themes the first is to run the investments and assets of Boubyan Bank through direct investments department, and real estate investments department, and the other theme covers offering the services of asset management, and electronic trading to clientele. Boubyan Capital was founded in 2007, though it went into operation in August 2010 after Boubyan Bank made a decision on putting it into action.          

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today boubyan bank floats investment fund at kse Arab Today, arab today boubyan bank floats investment fund at kse

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday