Al Rajhi Commodities Mudaraba Fund USD

Asset Management

Objective

To 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 US $.

Fund Type
Open Ended Money Market Fund
Fund Domicile
Saudi Arabia
Risk Level
Low
Inception Date
14 December 1990
Inception Price
1000 USD Per Unit
Fund Currency
US Dollar
Benchmark
USD LIBOR 3 Months Index
Subscription Fee
Nil
Management Fee
16.00% of Profits
Minimum Subscription
US $ 2,000
Minimum Additional Subscription
US $ 1,000
Minimum Redemption
US $ 1,000
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)
Fund Features
Fund Type Open Ended Money Market Fund
Fund Domicile Saudi Arabia
Risk Level Low
Inception Date
14 December 1990
Inception Price 1000 USD Per Unit
Fund Currency US Dollar
Benchmark USD LIBOR 3 Months Index
Subscription Fee Nil
Management Fee Nil
Performance Fee 16.00% of Profits
Minimum Subscription US $ 2,000
Minimum Additional Subscription US $ 1,000
Minimum Redemption US $ 1,000
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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