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×Investment Strategy
The fund invests the majority of its assets with minimum 70% in low risk, high diversified Murabaha transactions and not more than 30% in Sukuk and that’s comply accordance with Shariah standards which approved by the Shariah Board
Fund Facts
Fund Manager | SAB INVEST |
Domicile | Saudi Arabia |
Eligibility | All investors |
Fund Category | Money Market |
Fund SubCategory | Shariah Compliant |
Inception Date | 05/12/1998 |
Inception Price | 10.00 |
Valuation Period | Daily |
Valuation Basis | Murabaha is recognized as cost plus accumulated income, and sukuk is valuated based on maturity date and accumulated yield. |
Fund Name | Alawwal Invest US Dollar Murabaha Fund |
Short Name | US Dollar Murabaha |
Fund Objective | The fund aims to achieve a return on the investments with low risk by investing in Murabaha & Sukuk transactions |
Fund Classification | Income |
Geographic Focus | Worldwide |
Currency | USD |
Structure | Open |
Fees And Expenses
Additional Subscription Information :
1,000.00
Management Fee | 0.65 % | Performance Fee | - |
Management Fee Type | Per annum | Min. Subscription | 2,000.00 |
Subscription Fee | - | Min. Redemption | 1,000.00 |
Redemption Fee | - | Custodian Fee | - |
Date | Downloads | |
---|---|---|
Alawwal Invest US Dollar Murabaha Fund | 17/07/2023 |
Fund | H1 | H2 | Year | |||
---|---|---|---|---|---|---|
Alawwal Invest US Dollar Murabaha Fund | - | - | ||||
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Fund Performance
Data Not Available
NAV | 21,318,251.74 |
Unit Price | 16.3159 |
Last Update | 21/04/2024 |
Change | 0.01 % |
Previous Close | 16.31 |
12 Month Low | 15.58 |
12 Month High | 16.32 |
Performance Overview
Change (1M) | 0.34 % |
Change (3M) | 1.12 % |
Change (12M) | 4.86 % |
Change (3Y) | 7.69 % |
Change (5Y) | 10.25 % |
YTD | 1.39 % |
Change Since Inception | 63.16 % |
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