GCIB Shari'ah Fixed Income Fund rate today

Questions people ask about GCIB Shari'ah Fixed Income Fund

What is the current GCIB Shari'ah Fixed Income Fund rate?

GCIB Shari'ah Fixed Income Fund is quoting 9.75% gross. Fructa records the rate every weekday, so this figure is the most recent one published rather than an annual average.

How much do you actually keep from GCIB Shari'ah Fixed Income Fund?

Kenyan money market fund interest carries 15% withholding tax, deducted at source. The advertised 9.75% is therefore 8.29% in practice. On KES 100,000 that difference is about KES 1,463 a year.

Who manages GCIB Shari'ah Fixed Income Fund?

GCIB Shari'ah Fixed Income Fund is managed by Gulfcap Unit Trust Funds, a fund manager licensed by the Capital Markets Authority. Fructa tracks every CMA licensed collective investment scheme that publishes a rate.

Is GCIB Shari'ah Fixed Income Fund better than Mayfair Fixed Income Fund or Nabo KES Fixed Income Fund?

Today GCIB Shari'ah Fixed Income Fund pays 9.75%, Mayfair Fixed Income Fund 16.56% and Nabo KES Fixed Income Fund 13.67%, all gross. Compare every fund on the rates page.

Is GCIB Shari'ah Fixed Income Fund a good place to keep money?

That depends on what you are comparing it against and what you need the money for. The yield matters, but so do the minimum, the fee, how quickly you can withdraw, and whether the return beats inflation once tax is taken. Fructa shows gross, net and real side by side for every fund so the comparison is like for like.

Other fixed income funds in KES

All KES fixed income funds today

• Mayfair Fixed Income Fund16.56%
• Nabo KES Fixed Income Fund13.67%
• Etica Fixed Income Fund13.30%
• Zimele Fixed Income Fund12.27%
• ICEA LION Fixed Income Fund KES12.12%
• Kuza Fixed Income Fund KES11.30%