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NBK launches KD Ijara fund

  • Kuwait: Sunday, September 06 - 2009 at 08:54

The National Bank of Kuwait (NBK) has launched its Islamic KD Ijara Fund II, the 18th edition of the Islamic Ijara funds, Kuna has reported. The five-year fund will generate a monthly income of 6.25% throughout its term. It is denominated in Kuwaiti dinars and has a minimum investment of KD30,000, with multiples of KD10,000. Investors can also opt for two one-year extensions. The offer period closes on September 15.

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