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Al Rajhi Sukuk distribution Fund

Asset Management

Alrajhi Sukuk distribution Fund is an open-ended public fund aims to achieve capital growth and distributing dividends thorough investing primarily in local and GCC Sukuk.

Features

  • Providing Capital Growth and dividend distribution .
  • GCC Sukuk Exposure across all types of Sukuk .

Objective

alrajhi Sukuk distribution Fund is a Sharia-compliant, open-ended public fund aimed at achieving capital growth and distributing dividends thorough investing primarily in local and GCC debt instruments, seeking to outperform its benchmark.
Terms & conditions 
Fund Type
open ended sukuk fund
Fund Domicile
Local, GCC
Risk Level
Moderate to high
Inception Date
Expected 20 Sep
Inception Price
10 SAR
Fund Currency
Saudi Riyals
Benchmark
S&P GCC Sukuk Index – Total Return
Subscription Fee
2%
Management Fee
0.5%
Performance Fee
Nil
Minimum Subscription
10 SAR
Minimum Additional Subscription
1 SAR
Minimum Redemption
N\A
Valuation Frequency & Days
Daily
Cut-Off Time & Day
10:00 AM on the dealing day
Announcement Day
after dealing days
Redemption Day
T+5
Fund Features
Fund Type open ended sukuk fund
Fund Domicile Local, GCC
Risk Level Moderate to high
Inception Date Expected 20 Sep
Inception Price 10 SAR
Fund Currency Saudi Riyals
Benchmark S&P GCC Sukuk Index – Total Return
Subscription Fee

2%

Management Fee 0.5%
Minimum Subscription 10 SAR
Minimum Additional Subscription 1 SAR
Minimum Redemption N\A
Valuation Days Daily
Cut-Off Time 10:00 AM on the dealing day
Announcement Day after dealing days
Redemption Day T+5

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