Al Rajhi Sukuk Fund

Asset Management

Objective

Al Rajhi Sukuk Fund aims to achieve income and capital growth over the medium -to-long term by investing predominantly in ARC Shariah- compliant sukuk and other low-to-medium risk income generating instruments.

Fund Type
Open Ended Equity Fund
Fund Manager
Al Rajhi Capital
Risk Level
Moderate
Recommended minimum investment horizon
2-3 years
Eligible Subscribers
Any qualified natural person or corporate body recognized as such by Saudi regulations
Fund Currency
Saudi Riyals
Benchmark Index
3 month USD Libor + 75 bps
Minimum Subscription
SAR 100,000
Acceptance of Subscription and Redemption Applications
All official business days in Saudi Arabia (Sunday – Thursday)
Deadline for Receipt of Subscription and Redemption Applications
5:00 p.m. of the day preceding the valuation day
Minimum Redemption
SAR 25,000
Pay-out of Redeemed Units
Unit holders will be paid the appropriate proceeds of redemption before the close of business on the fourth day following the valuation point at which redemption price was determined or the time at which all means and licenses (if any) needed for the transfer of units are available for the Fund Manager, whichever comes later.
Valuation Days & Dealing days
Second Thursday & Fourth Thursday of each calendar month
Subscription Fees
Up to a maximum of 1% of the subscription amount
Management Fees
0.50% per annum of the net value of the Fund’s assets payable upon valuation and deductible from the Fund’s assets at the close of each calendar month.
Minimum Redemption
SAR 25,000
Other expense ratio
Maximum 0.25% p.a. of the average net asset value of the Fund. Only the actual expenditure is calculated. See item No. 36 from Terms & Conditions of the Fund to know how to calculate the expenses, the method and time of their collection.
Unit Price at Issuance
SAR 100
Unit Characteristics
Accumulative-the income is re-invested to increase the unit’s value
Fund Features
Fund Type Open Ended Equity Fund
Fund Domicile Al Rajhi Capital
Risk Level Moderate
Recommended minimum investment horizon
2-3 years
Eligible Subscribers Any qualified natural person or corporate body recognized as such by Saudi regulations
Fund Currency Saudi Riyals
Benchmark Index 3 month USD Libor + 75 bps
Minimum Subscription SAR 100,000
Acceptance of Subscription and Redemption Applications All official business days in Saudi Arabia (Sunday – Thursday)
Deadline for Receipt of Subscription and Redemption Applications 5:00 p.m. of the day preceding the valuation day
Minimum Redemption SAR 25,000
Pay-out of Redeemed Units Unit holders will be paid the appropriate proceeds of redemption before the close of business on the fourth day following the valuation point at which redemption price was determined or the time at which all means and licenses (if any) needed for the transfer of units are available for the Fund Manager, whichever comes later.
Valuation Days & Dealing days Second Thursday & Fourth Thursday of each calendar month
Subscription Fees Up to a maximum of 1% of the subscription amount
Management Fees 0.50% per annum of the net value of the Fund’s assets payable upon valuation and deductible from the Fund’s assets at the close of each calendar month.
Minimum Redemption SAR 25,000
Other expense ratio Maximum 0.25% p.a. of the average net asset value of the Fund. Only the actual expenditure is calculated. See item No. 36 from Terms & Conditions of the Fund to know how to calculate the expenses, the method and time of their collection.
Unit Price at Issuance SAR 100
Unit Characteristics Accumulative-the income is re-invested to increase the unit’s value
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

Keep up with the latest updates from Al Rajhi Capital

Asset Management Go to top