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×Investment Strategy
The fund follows an investment strategy by investing most of its assets with minimum of 70% in low risk Murabaha transactions that are highly diversified, which comply with Shariah standards. And investing with maximum of 30% in Sukuk
Fund Facts
Fund Manager | SAB INVEST |
Domicile | Saudi Arabia |
Eligibility | All investors |
Fund Category | Money Market |
Fund SubCategory | Shariah Compliant |
Inception Date | 05/12/1998 |
Inception Price | 10.00 |
Valuation Period | Daily |
Valuation Basis | Murabaha is recognized as cost plus accumulated income, and sukuk is valuated based on maturity date and accumulated yield. |
Fund Name | Alawwal Invest Saudi Riyal Murabaha Fund |
Short Name | Saudi Riyal Murabaha |
Fund Objective | The fund aims to achieve a return on its investments with low risk, by investing in Murabaha transaction and Sukuk through collaborating with well-known local and international financial institutions. That comply with Shariah standards, along with preserving high level of liquidity |
Fund Classification | Income |
Geographic Focus | Worldwide |
Currency | Riyal |
Structure | Open |
Fees And Expenses
Additional Subscription Information :
2,500.00
Management Fee | 0.70 % | Performance Fee | - |
Management Fee Type | Per annum | Min. Subscription | 5,000.00 |
Subscription Fee | - | Min. Redemption | 2,500.00 |
Redemption Fee | - | Custodian Fee | - |
Date | Downloads | |
---|---|---|
Alawwal Invest Saudi Riyal Murabaha Fund | 17/07/2023 |
Fund | H1 | H2 | Year | |||
---|---|---|---|---|---|---|
Alawwal Invest Saudi Riyal Murabaha Fund | - | - | ||||
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Fund Performance
Data Not Available
NAV | 1,601,928,425.21 |
Unit Price | 18.1345 |
Last Update | 07/05/2024 |
Change | 0.01 % |
Previous Close | 18.13 |
12 Month Low | 15.10 |
12 Month High | 18.13 |
Performance Overview
Change (1M) | 0.44 % |
Change (3M) | 1.30 % |
Change (12M) | 5.52 % |
Change (3Y) | 9.60 % |
Change (5Y) | 12.90 % |
YTD | 1.85 % |
Change Since Inception | 81.35 % |
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