Kuwait Financial Centre KPSC · KSE:MARKAZ
Kuwait Financial Centre KPSC — Kuwait Financial Centre S.A.K. (Markaz) — Investor Presentation (March 2008)
21 slides from Kuwait Financial Centre KPSC's investor presentation, March 2008
Slide 1: Markaz Islamic Income Fund Presentation
Markaz Islamic Income Fund Presentation March 2008 Fund Manager: Asset Management | Investment Banking
Slide 2: Disclaimer
Disclaimer The information in this document is subject to updating, revision, verification and amendment. Recipients of this document who intend to subscribe for Units are reminded that any issue will be made solely on the basis of the information contained in the Offering Memorandum, which may diff
Slide 3: Contents
Contents The Offering Key Terms Investment Highlights Islamic Capital Market Why Invest ? Track Record Shari’ah Committee The Team 3
Slide 4: The Offering
The Offering Markaz Islamic Income Fund is an open-ended Shari'ah compliant Fund targeting the realization of current returns on the invested money exceeding the returns generated from short & medium term traditional financial instruments. Offering Size: KD 5 – KD 50 Million Units Offered : 5 - 50 M
Slide 5: Key Terms
Key Terms Fund Name: Markaz Islamic Income Fund Fund Capital: K.D. 5,000,000 to K.D. 50,000,000 Life of Fund: 15 years extendable by similar period Fund Type: Open-Ended Targeted Annualized Returns: Min 1 % over 3-month KIBOR Distribution: At the discretion of the Fund Manager Minimum Subscription:
Slide 6: Investment Highlights
Investment Highlights The Offering Markaz Islamic Income Fund (“Fund”) seeks to raise KD 5 – 50 Million to invest in Shari’ah compliant Islamic Money market Instruments, in Kuwaiti Dinars and/or other major currencies actively traded in the markets, that are most likely to benefit from emerging tren
Slide 7: Investment Highlights
Investment Highlights Investment Opportunities The Fund investments shall include Shari’ah Moudarabah Sukuk, Murabaha or Wakala, and other Shari’ah compliant Islamic instruments provided that such activities will not require the Fund to grant credit or finance to third parties in any form whatsoever
Slide 8: Investment Highlights
Investment Highlights Return Objective To generate a minimum compounded annual return of 1% over 3-month KIBOR over the Term of the Fund, net of all fees, costs or expenses and any applicable taxes; Management fee Management fee of 0.75% of the Fund’s Net Asset Value. Distribution Policy Fund Manage
Slide 9: Investment Highlights
Investment Highlights Targeted Individual Investments The Fund will make such Investments that would seek maximum possible preservation of capital and a reasonable rate of return of minimum compounded annual return of 1% over 3-month KIBOR, depending on the market and the risk profile of each such I
Slide 10: Investment Highlights
Investment Highlights Investment Guidelines Under normal market conditions, the Fund will invest the aggregate commitments as follows: • At least 60% in Long term instruments in Islamic Capital Market like Sukuks, Murabaha etc; • No more than 20% in other Islamic Income Funds; • No more than 25% in
Slide 11: Islamic Capital Market - Environment
Islamic Capital Market - Environment Macro-economic environment in ME remains very positive with oil prices at record levels generating surplus liquidity in region: 74% growth in the last 3 years Six GCC countries estimated to generate over USD220 billion surplus in ’06 and ’07 GCC economies will re
Slide 12: Islamic Capital Market - Growth
Islamic Capital Market - Growth Islamic Finance Market continues to record robust growth. Significant growth in Islamic banking • From just one Islamic financial institution in 1975, there are now about 300 Islamic financial institutions in 75 countries (IMF estimates). • Islamic banking heading for
Slide 13: Islamic Capital Market
Islamic Capital Market Type of Sukuk Issuance in the GCC Region Sukuks Announced for 2008 (USD Mn) (USD Mn) 18,418 9,142 10,818 1,451 503 1480 1656 2147 275 500 821 800.5 604 400 284 GCC Global (Excl. GCC) 2001 2002 2003 2004 2005 2006 2007 Corporate Sovereign Sovereign Corporate Source: Markaz Rese
Slide 14: Islamic Capital Market
Islamic Capital Market Total Sovereign Issues (+IDB) by country International Corporate Sukuk (ex. Malaysia up to June 2007 Domestic) 2,800 Volume by country - up to June 2007 2,400 18,000 2,000 16,000 14,000 1,600 USD Bn 12,000 USD Bn 1,200 10,000 8,000 800 6,000 4,000 400 2,000 0 0 Issues by Islam
Slide 15: Why invest in Markaz Islamic Income Fund?
Why invest in Markaz Islamic Income Fund? Attractive return for the risk taken. • Target: gross return of 3–month KIBOR + 100 bps • No entry or exit fee Liquidity: Weekly investment Avoids market volatilities Diversification into specialized investments globally Cash Management tool – Satisfies both
Slide 16: Track Record
Track Record Our KD Money Market fund - IDIKHAR Savings Fund is one of the best performers in the local Market and continues to pay higher than the average 3-month KD fixed deposit. Fund’s Quarterly Performance (Returns %) Quarterly Yields Key Facts KIBOR Net Assets : KD. 25.17 Million 8% Annual (3-
Slide 17: Shari'ah Committee
Shari’ah Committee The Fund has appointed Al-Rayah International Consulting & Training, the initial members of which are Dr. Abdul- Aziz Khalifa Al-Qassar, Dr. Eissa Zaki Eissa and Mohamed Omar Jaser to be the Fund’s Shari’ah Committee. Dr. Abdul-Aziz Khalif Al-Qassar, Ph.D. in Comparative Fiqh from
Slide 18: Shari'ah Committee - Certificate
Shari’ah Committee - Certificate 18
Slide 19: Shari'ah Committee - Certificate
Shari’ah Committee - Certificate 19
Slide 20: The Team
The Team Krishna Iyer Mohan – Head of Treasury Krishan Iyer Mohan joined Markaz as Head of Treasury Division from National bank of Oman, Oman where he served for 10 years as Senior Manager and Chief Dealer, Global Treasury. He also worked with investment houses and International Money Brokers in Kuw
Slide 21: Kuwait Financial Centre S.A.K. "Markaz"
Kuwait Financial Centre S.A.K. "Markaz" P.O. Box 23444, Safat 13095 State of Kuwait Tel: +965 224 8000 Fax: +965 241 4499 Email: [email protected] www.markaz.com Asset Management | Investment Banking Centered around your success
Kuwait Financial Centre S.A.K. (Markaz) — Investor Presentation (March 2008) on 6ix