|
Base Currency of the Fund |
Saudi Riyals |
|
Currency Exposure |
All Currencies |
|
Portfolio Objective |
To seek medium to long term capital growth and the potential to preserve capital. |
|
Investment Policy |
The Portfolio manager will allocate capital across Shariah compliant securities such as Murabaha transactions, sukuk and equities either directly, through Mutual Funds or through Discretionary Managed Accounts in order to achieve the portfolio objective. |
|
Asset Allocation Ranges (anticipated) |
The Balanced Portfolio is a medium risk portfolio that makes a balanced investment between low risk Murabaha Trade transactions and/or Islamic bonds (Sukuk) and higher risk Shariah compliant equities. Equity Exposure not to exceed 55% |
|
Risk/Return Profile |
Average risk/return |
|
Minimum Initial Subscription/Balance |
SAR 25,000 |
|
Minimum Additional Subscription/Redemption |
SAR 5,000 |
|
Regular Monthly Subscription |
SAR 2,500 |
|
Cut Off Time For Receiving |
|
|
Applications/Redemptions |
12:00 Noon Riyadh Time on Sundays. |
|
Price Applicable for Purchase/Redemption of Units |
If valid application is received prior to the cut off time, then the price applicable thereto shall be the prevailing price on the next valuation day. |
|
Valuation Day |
Every Tuesday |
|
Subscription Fee |
3.00% |
|
Service Fee |
0.25% |
|
When Redeemed Funds are Paid to Investors |
Two days following the applicable valuation day. |
|
Unit Price at Inception |
SAR 10 |
