|
Base Currency of the Fund |
Saudi Riyals |
|
Currency Exposure |
All Currencies |
|
Portfolio Objective |
To seek medium to long term capital growth with the emphasis on capital preservation and limited exposure to equity markets. |
|
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 defensive portfolio is a low to medium risk portfolio that invests a high percentage of capital in Murabaha Trade transactions and/or Islamic bonds (Sukuk) and smaller percentage in Shariah compliant equities. Equity Exposure not to exceed 30% |
|
Risk/Return Profile |
Low risk/return |
|
Minimum Initial Sub./Balance |
SAR 25,000 |
|
Minimum Additional Sub./Red. |
SAR 5,000 |
|
Regular Monthly Sub. |
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 |
