Fund Objective

To provide capital appreciation and income through investing primarily in listed and unlisted Sharia-compliant equities in Kuwait and the GCC.

Fund Features

Established back in 2003 and considered among the oldest sharia compliant fund in the region. Focuses on blue chip companies that have consistently delivered good operating performance. The fund has offered generous cash dividends to unit holders and has a diversified shareholder base including corporates and retail investors.

Top 5 Holdings

Agility Public Warehousing Company

Kuwait Finance House

Mobile Telecommunications Company

Boubyan Bank

Boubyan Petrochemical Co KSCP


Sector Distribution

Geographical Distribution


How To Subscribe And Redeem

You are able to print the applications of subscription and redemption from the website and submit them along with a copy of the required documents via email CRM@nic.com.kw

Or you can visit the company with the required documents at the following address.

Fund Name
Al Mada Investment Fund
Subscription and Redemption
Monthly Subscription / Redemption Fee = 0.5%
Fund Manager
National Investments Company
Management Fee
1% per annum
Term of the Fund
Performance Fee
Only 20% of the amount by which the annualized rate of return exceeds 10%
Fund Capital
USD 20 to 300 million
Net Asset Value
Calculated on the last trading day of every month
Paid Up Capital
USD 37,247,595
Dividends shall be paid at the discretion of the Fund Manager
Asset Value
USD 30,973,593
Custodian & Investment Controller
SICO Funds Services Company B.S.C.
Base Currency
US Dollar
SICO Funds Services Company B.S.C.
Minimum Investment
5,000 Units
Nominal Value
USD 1.000
Islamic Shari’a Committee
Raqaba Global For Sharia Consultation Ltd.
Ernst & Young, Bahrain