The fund aims to enhance the developmental role of private endowments in supporting comprehensive care for orphans by developing the endowed assets of the fund, investing them, and protecting them from extinction in order to achieve the principle of social solidarity and benefit the endowment banks and the endowed asset, as the fund manager receives subscription amounts from the subscribers (endowers) and invests them with the aim of achieving capital growth The endowment, and a percentage of the realized returns (the yield of the endowment) is distributed periodically to the endowment banks specified for the fund, represented in caring for orphans through the beneficiary, which is the Charitable Foundation for Orphan Care.
Alinma Orphan Care Endowment Fund
Latest Price NAV
USD
3.36
as of
31/Aug/23
Objective
Key Facts
Launch Date :
21/Jul/19
Asset Type :
OtherBase Currency :
Saudi Arabian RiyalTotal Net Asset (USD M) :
7.65
Benchmark :
Index is not provided by Management Company
Dividend Type :
N.A
Income Distribution :
Paid
Total Expense Ratio % :
N.A
Geographical Focus :
Saudi Arabia
Shariah Compliant
Shariah
Performance
3 Yrs Performance
8.03
5 Yrs Performance
N.A
10 Yrs Performance
N.A
Top Holdings
1.
Murabaha Deals
14.4
%
2.
Income Funds
7.5
%
3.
Arabian Centers Sukuk
7.2
%
4.
Rawabi Sukuk
6.8
%
5.
Al Rajhi Bank
4.1
%
6.
Saudi Government SAR Sukuk 2019-04-30
3.1
%
7.
Alinma Bank
2.9
%
8.
SABIC Agri-Nutrients Co.
2.9
%
9.
The Power and Water Utility Company
2.7
%
10.
Al Hammadi Holding
2
%
Portfolio Composition
1.
Kingdom of Saudi Arabia
100
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
0.75
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:
Alinma Invt
Website :
http://www.alinmainvestment.com