Fund Objective

To provide capital appreciation and income through investing primarily in listed and unlisted equities in the services and telecommunications sectors in Kuwait and the Arab region, which abide by Islamic Sharia.

Fund Features

Only sharia compliant fund in Kuwait that invests across a broad spectrum of services. Due to the nature of its investment universe and our selection criteria, the fund usually demonstrates defensive traits and offers good diversification benefits in an otherwise pro cyclical macro environment. The fund historically has offered generous cash dividends to its unit holders and has a diversified shareholder base including corporates and retail investors.

Top 5 Holdings

Etihad Etisalat Co.

Saudi Telecom Co.

Dr. Sulaiman Al Habib Medical Services Group

Agility Public Warehousing

Abu Dhabi National Oil Company for Distribution PJSC

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

Zajil Services & Telecommunications Fund

Subscription and Redemption
Monthly Subscription / Redemption Fee = 0.5%
Fund Manager
National Investments Company
Management Fee
1% per annum
Term of the Fund
10 years, renewable
Performance Fee
Only 20% of the amount by which the annualized rate of return exceeds 10%
Fund Capital
KWD 5 to 100 million
Net Asset Value
Calculated on the last trading day of every month
Paid Up Capital
KWD 11,674,747
Quarterly or Annually
Asset Value
KWD 11,566,377
Kuwait Clearing Company
Base Currency
Kuwaiti Dinar
Custodian & Investment Controller
Kuwait Clearing Company
Nominal Value
KWD 1.000
Minimum Investment
1,000 Units

Khaled Hasan Ibrahim Alahmed-ALSOOR Certified Public
External Sharia Auditor

    • Osol for Sharia Advisory