AIRajhi Commodities Mudaraba Fund - SAR

Asset Management

Objective

Achieve steady capital growth by generating reasonable returns and provide liquidity thereon through direct/indirect investment in Shariah compliant short-term trading instruments denominated in Saudi Riyals.
Fund Type
Open Ended Money Market Fund
Fund Domicile
Saudi Arabia
Risk Level
Low
Inception Date
11 June 2000
Inception Price
SAR 100 Per Unit
Fund Currency
Saudi Riyals
Benchmark
SAIBOR 3 Months
Subscription Fee
Nil
Management Fee
16.00% of Profits
Minimum Subscription
SAR 7,500
Minimum Additional Subscription
SAR 3,750
Minimum Redemption
SAR 3,750
Valuation Frequency & Days
Daily - Sunday to Thursday
Cut-Off Time & Day
Before 5 PM - Prior to Valuation Day
Announcement & Payment Day
Following the Valuation Day
Fund Features
Fund Type Open Ended Equity Fund
Fund Domicile Saudi Arabia
Risk Level Low
Inception Date
11 June 2000
Inception Price SAR 100 Per Unit
Fund Currency Saudi Riyals
Benchmark SAIBOR 3 Months
Subscription Fee Nil
Management Fee 16.00% of Profits
Performance Fee Nil
Minimum Subscription SAR 7,500
Minimum Additional Subscription SAR 3,750
Minimum Redemption SAR 3,750
Dealing Frequency & Days Daily - Sunday to Thursday
Cut-Off Time & Day Before 5 PM - Prior to Dealing Day
Announcement & Payment Day Following the Dealing Day (Tuesday and Thursday)
SAR 2,000
S&P GCC Shariah Composite Index Al Rajhi Materials Sector Index Calculated by S&P Custom Indices
S&P GCC Shariah Composite Index Al Rajhi Materials Sector Index Calculated by S&P Custom Indices
Low

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