The Trading Funds are designed to provide individual and corporate investors an opportunity to invest on a Shariah compatible basis in non-interest baring investments. Each fund is an open-ended collective investment scheme, incorporated by an agreement between the Mutual Funds Department, that is the Investment Management Division of SABB and investors.
The Funds objective is to achieve competitive returns at minimal risk, to strictly adhere to Shariah compatible commodity trading and interest-free financing models, as well as to enable investors to access their investment, if required, at short notice.
At least 50% of the Funds assets are invested in well-diversified low-risk commodity trading with local and internationally reputable clients who have sound financial backing. Returns are potentially enhanced by investing the remaining funds assets in tailored Ijara investment.
|
Fund Type |
Open Ended |
|
Base Currency of the Fund |
Saudi Riyals |
|
Minimum Initial Subscription |
SAR 7,500 |
|
Minimum Additional Subscription / Redemption |
SAR 3,750 |
|
Regular Monthly Subscription |
SAR 1,000 |
|
Valuation |
Monday & Wednesday
|
|
Cut off time for Subscription & Redemption |
12 Noon Riyadh Time on Saturday & Monday |
|
Redemption Payout |
Two days following the valuation day |
|
Start Date |
05 December 1998 |
|
Launch Price |
SAR 10 |
|
Fund Type |
Open Ended |
|
Base Currency of the Fund |
US Dollar |
|
Minimum Initial Subscription |
US$ 2,000 |
|
Minimum Additional Subscription / Redemption |
US$ 1,000 |
|
Regular Monthly Subscription |
US$ 250 |
|
Valuation |
Monday & Wednesday |
|
Cut off time for Subscription & Redemption |
12 Noon Riyadh Time on Saturday & Monday |
|
Redemption Payout |
Two days following the valuation day |
|
Start Date |
05 December 1998 |
|
Launch Price |
US$ 10 |
Click to view Terms and Conditions
For more information, please visit any of SABB branches or call us Toll Free on: 800 124 8888
