Kuwait Financial Centre KPSC : Financial Report for Markaz Islamic Fund as of 30 June 2023
July 24, 2023 at 04:00 am EDT
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Markaz Islamic Fund
State of Kuwait
Interim Condensed Financial Information and Independent Auditor's Review Report (Unaudited)
For the period ended 30 June 2023
Markaz Islamic Fund
Interim condensed financial information and independent auditor's review report For the period ended 30 June 2023
Contents
Pages
Report on review of interim condensed financial information
1
Interim condensed statement of comprehinisve income
2
Interim condensed statement of financial position
3
Interim condensed statement of changes in net assets attributable to unitholders
4
Interim condensed statement of cash flows
5
Notes to the interim condensed financial information
6 ‐ 10
Markaz Islamic Fund
Interim condensed statement of comprehensive income (All amounts in Kuwaiti Dinars unless otherwise stated)
(Unaudited)
(Unaudited)
Notes
Three months ended
Six months ended
30 June
30 June
Income
2023
2022
2023
2022
1
36
Interest income
‐
6
Foreign exchange gain
‐
1,044
‐
1,534
Realised (loss)/gain on sale of
financial assets at fair value
(24,497)
(82,886)
through profit or loss
614,481
746,618
Unrealised (loss)/gain on
financial assets at fair value
280,369
(880,597)
through profit or loss
4
(2,338,013)
346,984
Dividend income
394,600
428,197
394,600
428,197
Total (loss)/income
650,473
(1,294,291)
(568,847)
1,523,339
Expenses
(58,828)
(118,142)
Management fees
8
(72,713)
(145,657)
Custodian and investment
(4,436)
(8,990)
controller fees
8
(5,453)
(10,924)
Other operating expenses
(4,360)
(11,980)
(9,438)
(23,132)
Total expenses
(67,624)
(90,146)
(136,570)
(179,713)
(Loss)/profit for the period
582,849
(1,384,437)
(705,417)
1,343,626
Other comprehensive income
‐
‐
‐
‐
Total comprehensive
(loss)/income for the
period
582,849
(1,384,437)
(705,417)
1,343,626
The accompanying notes set out on pages 6 to 10 form an integral part of this interim condensed financial information.
2
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MARKAZ - Kuwait Financial Centre KPSC published this content on 24 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 July 2023 07:59:09 UTC.
Kuwait Financial Centre KPSC is a Kuwait-based asset management and investment banking company in the Middle East/North Africa (MENA) region. The Company provides several products and services including asset management, investment banking, real estate investment, wealth management and research. Its asset management services include diverse proprietary as well as customized investment solutions across mutual funds and specific portfolio management. The Company offers investment banking solutions across equity capital markets and debt capital markets, listings, capital structure advisory, restructuring, mergers and acquisitions advisory, among others. Its real estate investment portfolios focus on assets across residential, commercial, and industrial segments. It has a database of regional businesses for its clients looking for tailored research. Its equity, fixed income and real estate funds include Markaz Real Estate Fund, Markaz Mumtaz Fund, Forsa Financial Fund, among others.
KUWAIT FINANCIAL CENTRE - KPSC 
