Jadwa Saudi Riyal Murabaha Fund
Want a low-risk investment in Saudi Arabian Riyals? Jadwa’s Saudi Riyal Murabaha Fund mirrors certificates of deposits in terms of investment strategy and easy liquidity, but in compliance with Shariah guidelines. Jadwa places the trades with banks in a Shariah-compliant manner in short-term Murabaha contracts.
|Fund Manager||Jadwa Investment
PO Box 60677, Riyadh 11555
|Base Currency||Saudi Riyal|
|Investment Fund Objective||To generate market returns from short-term Murabaha based trade transactions that are compliant with Shariah principles. The fund also aims to provide easy liquidity for its unit holders.
|Investment Strategies||The Fund’s assets are invested in diversified low risk trade transactions with counterparties of good reputation and sound financial backing. The average duration of the Fund’s portfolio does not exceed one year.
|Level of Risk||Low Risk|
|Benchmark||One month SIBID net of management fee|
|Minimum Initial Subscription||SAR 50,000|
|Minimum additional Subscription and Redemption||SAR 25,000|
|Cut-off time||10 am Riyadh time of every business day
|Valuation Day||Every Business Day in Saudi Arabia
|Announcement Day||At 5 PM the day following the valuation day.|
|Payment Day of the Redeemed Amount||Four business days after the relevant Valuation day.|
|Management Fees||0.50% annually of the assets under management.|
|Unit Price and Day of Inception||SAR 100 on 30 June 2007|