The funds objective is to provide investors with a Sharia-compliant investment for steady capital appreciation with a high degree of capital preservation, superior liquidity and no foreign exchange risk. The fund invests in Morabaha (trade finance) transactions executed in accordance with Shariaah principles. The trade finance encompasses the purchase of goods and commodities from approved suppliers against immediate payment & the selling them to reputed organizations on deferred payment terms thus generating a profit. All the profits are reinvested in the Fund, thus increasing its unit price. The large size of the funds collective investment ensures diversification and thus lower risk. The performance of the fund is compared to the Saudi Riyal 1-Months Interbank Bidding Rate (SIBID).
Al Yusr SAR Morabaha Fund
Latest Price NAV
USD
4.03
as of
12/Sep/23
Objective
Key Facts
Launch Date :
26/Dec/01
Asset Type :
Money MarketBase Currency :
Saudi Arabian RiyalTotal Net Asset (USD M) :
23.35
Benchmark :
Index is not available on Lipper Database
Dividend Type :
N.A
Income Distribution :
Retained
Total Expense Ratio % :
N.A
Geographical Focus :
Saudi Arabia
Shariah Compliant
Shariah
Performance
3 Yrs Performance
1.75
5 Yrs Performance
1.82
10 Yrs Performance
1.67
Top Holdings
1.
National Bank of Kuwait
2.
Gulf International Bank
3.
Arab Banking Corporation
4.
Arab Banking Corporation
5.
Arab Banking Corporation
6.
Arab Banking Corporation
7.
Arab Banking Corporation
8.
Arab Banking Corporation
9.
National Bank of Fujairah
10.
National Bank of Fujairah
Portfolio Composition
1.
Bahrain
44.38
%
2.
Saudi Arabia
34.96
%
3.
United Arab Emirates
20.52
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
1
Initial Charges
Minimum Charge :
N.A
Maximum Charge :
N.A
Actual Charge :
N.A
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
N.A
Contact
Company Name:
Alawwal Invest
Website :
https://www.alawwalinvest.com/