KUWAIT: Continued global geopolitical uncertainty in the latter half of 2025, amid tensions in Eastern Europe and the Gulf region, saw a marked shift in Kuwait’s Shariah asset allocations during this period.
While funds focused on equities posted gains by surfing market volatility, there was also a distinct preference for lower risk money market funds – as investors sought highly liquid opportunities with short-term tenors.
Total AuM for the 13 equities funds was US$1.37 billion at the end of 2025, up 20.9% from US$1.14 billion in Q4 2024. The 11 money market funds’ AuM of US$4.18 billion in Q4 2025 was 14.53% higher compared to US$3.65 billion a year earlier.
The three real estate funds posted a 2.77% gain to US$521.32 million, rising from US$507.25 in Q4 2024. A sole fixed income fund dipped 3.58% year-on-year to US$18.74 million in Q4 2025 from US$19.43 million before and the only mixed assets fund was down 6.63% to US$13.14 million at end-2025, compared to US$14.07 million previously.
Overall AuM for Kuwait’s 29 Shariah funds stood at US$6.1 billion at Q4 2025, up 14.65% from US$5.32 billion a year before.
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